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Did feudalism allow for the production and trade of essential goods?
Wiki User
∙ 9y ago
Absolutely. Most goods were manufactured for the fuedal lords by craftsmen who worked for room and board, for them and their families, and occasional luxuries they were able to barter for in markets. If something were needed that wasn't available locally, merchants would trade with craftsmen in nearby cities or towns. The materials needed to produce the goods would be provided by the lord, or his representative, to the craftsmen. Guilds were formed in the cities, eventually, as multiple craftsmen plying the same trade would be needed to complete large projects. Most trade was bartering for food or clothing in trade for manufactured goods.
Wiki User
∙ 9y ago
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The impact of the steam engine on the production of British goods was the increase in supply and demand. Britain was able to transport goods more efficiently.
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regulate the production of civilian goods and control inflation
How did the production of goods such as clothing and furniture change in the late 1800's?
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People got jobs, the production of goods increased
What is it called when each worker performs an assigned task again and again at a certain stage in the production of a product?
The assembly line method of production. Brought to the forefront by Henry Ford in his production of the Model T. Soon used for other consumer goods during the 1920s such as refrigerators and radios (wirelesses).
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The production of goods and services.
Which of these activities is most essential to the game of economics?
the production of goods and services
What do cost accounting systems track?
These allow organizations to track the costs associated with production of goods and performance of services.
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War Production Board Aviation and the role of government - Harry Lawrence pg 138
What impact did technological advances have on the production goods?
production of goods was increased
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Intermediate Goods
What kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
Which of the following best explains the profit motive?
Minimize costs and maximize revenue.APEXXthe desire to make money through the production of goods and servicesThe desire to make money through the production of goods and servicesa. The incentive to buy at a low price in order to be able to sell at a higher price.b. The desire to make money through the production of goods and services.c. The decision to allow market forces to decide on the price of goods and services.d. The motivation to work hard at a job in order to buy more goods and services.B.
How is Productive Efficiency related to the production possibilities frontier?
Understanding the production possibilities frontier allow business to see where they need additional resources to maximize production. Adding more resources expands production.
What are manufactured goods used in the production process?
Capital Goods
Economics is about the allocation of resources for the production and distribution of goods?
Economics is about the allocation of resources for the production and distribution of goods and ___________.
What does capital contributes to production?
capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.
