industrialization has lots of advantages and disadvantages, but in total its good. advantage of industrialization is that there are more jobs so more people are getting money and country is getting richer and developed, but as i already said it has disadvantages because the process for industrialization is bad but result is good and its worth it to industrialize.
End of small businesses
There are three benefits of specialization. The three benefits are cost, skill and host.
Marginal net benefits= Marginal benefit- Marginal cost
At first, marginal cost decreases due to specialization of workers. Then, MC begins to increase steadily. The only benefits of MC are in the period of specialization.
yeahhh
The cost's of industrialization can be minimized by industrialization.
End of small businesses
It depends on the item and price. A roll of toilet paper at $10.00 would be cost outweighs the benefits. A prescription of antibiotics at $4.00 would be the benefits outweigh the cost.
emphasized the cost of industrialization
As a close neighboring country to the US, they shared the benefits of US industrialization.
what is benefits of holding inventories
urals, Volga, Moscow, Silesia, kuznetsk, Donetsk, st. petersburg
They wanted to find out how to allow all social classes to share the benefits of industrialization.
Yes, the benefits of nuclear power over weigh the cost of producing it.
There are three benefits of specialization. The three benefits are cost, skill and host.
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He invented the Watt Steam Engine, which was dramatically more efficient than its predecessors and made industrialization easier and more cost effective.