Answer :
The need to compete for overseas colonies is that we need natural resources and markets to keep our factories, foundries, and mills in operation
One reason to compete for overseas colonies is that we need natural resources to keep our factories. Another reason to compete for overseas colonies is that we need a new market for our manufactured goods.
Natural resources are the resources that are provided by God and not man-made. Examples include oil, limestone, tin, etc. With the competition, there'll be natural resources gotten which can then be used in the production of goods and services.
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