term1 Definition1term2 Definition2term3 Definition3
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Cheap labor
Lower minimum wage in LEDCSs and NICs
Raw materials
Close access to them reduces transport costs
Government
Friendly policies offer tax incentives/free zones
Prohibit strikes
So money is not lost as employees stop working
Health and safety
Relaxed regulations in NICs means less overheads
Working hours
Less strict rules, means more products made a day
Selling market
Close access to where goods sell reduces transport
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