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  • 14-11-2021
  • History
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Explain the role of European monopoly companies on the development of overseas territories.

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krosel1738
krosel1738 krosel1738
  • 15-11-2021

The roles of European monopoly companies on the development of overseas territories are:

They were profit-driven

They wanted an competitive market

They would get cheaper labor

They would get cheaper materials

A monopolistic market is one where there is only one producer and distributor in a market, without any significant competitor.

The Europeans wanted a monopolistic market so they had to expand overseas as a means of getting cheap labor and other advantages which would help them increase profit.

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