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What was a fundamental change in the way goods were produced from labor to machines?
Wiki User
∙ 8y ago
Goods were transported, was speed. The railroad made it possible to move people and goods across the country, that were moved in covered wagons before the railroad. Also, the steam engine enabled them to be moved faster by water as well.
Wiki User
∙ 10y ago
Wiki User
∙ 11y agoti si a drah noitseuq os doog kcul fi uoy nac daer siht uoy dlouhs eb elba ot srewsna
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What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
What are the four basic economic questions?
The four fundamental questions of economics are: 1-What will be produced? 2-How will the goods and services be produced? 3-Who will get goods and services? 4-How will the system accommodate changes? I hope this helps you. Good luck!
What are the five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
Definition of capital?
In economics, capital, capital goods, or real capital are those already-produced durable goods that are used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process. Capital is distinct from land in that capital must itself be produced by human labor before it can be a factor of production. In a fundamental sense, capital consists of any produced thing that can enhance a person's power to perform economically useful work.
What are the four fundamental economic questions?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What effect did machines have on Americans?
Goods were produced more quickly and cheaply
A period of great change in the European economy?
In the 1700s,Europeans went through a great change where more goods were produced by machines than by hand. TEEHEE im smart.;p
The market system's answer to the fundamental question How will the goods and services be produced?
using the least-cost production
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
What are the four basic economic questions?
The four fundamental questions of economics are: 1-What will be produced? 2-How will the goods and services be produced? 3-Who will get goods and services? 4-How will the system accommodate changes? I hope this helps you. Good luck!
How did the Industrial Change the way Americans produced goods?
cool
What do you call the period of change from making goods by hand to producing them with machines?
industrial revolution
What does mass produce mean?
to produce a lot of goods cheaply using machines in a factory
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
What are the five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
What are five basic economic questions?
1 - What goods and services will be produced? 2 - How will the goods and services be produced? 3 - Who will get the goods and services? 4 - How will the system accommodate change? 5 - How will the system promote progress?
