| | | Brazil, Russia, India And China - BRIC The BRIC thesis posits that China and India will, by 2050, become the world's dominant suppliers of manufactured goods and services, respectively, while Brazil and Russia will become similarly dominant as suppliers of raw materials. Due to lower labor and production costs, many companies also cite BRIC as a source of foreign expansion opportunity, and promising economies in which to invest. Breaking It Down: Raw materials are sold in what is called the factor market. This is because raw materials are factors of production...
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