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if the productive resources ti make that good are rare then it will cost more
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∙ 15y ago
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Why is Mass Production important?
The technique of mass production makes it possible to produce goods at lower cost, which means that more people can afford to buy those goods, and the standard of living of the population will increase.
What encouraged American to buy American-made goods?
Lack of tariffs on the american products. tariffs are taxes essentially on foriegn goods. this makes american goods cost less
What encourage Americans to buy American-made goods?
Lack of tariffs on the american products. tariffs are taxes essentially on foriegn goods. this makes american goods cost less
What is an average merchandise inventory?
Cost of the goods buy earlier plus cost of goods buy later and divided with the total amount of the goods.
Why would some regions not support the tariff?
Because it makes the finer goods that they buy from other countries more expensive
Does it cost less or more to buy locally bought goods?
That depends on where you are and what you are buying. mass production in countries that underpay their workers leads us into situations where people in wealthier countries find that the cost of local goods of similar quality are far more expensive.
What caused the economic downturns in the late 1800s?
Businesses made more goods than people had the money to buy.
What makes one can of tuna cost more than another?
CNB is a total buy right here.
Why did Americans buy more consumer goods in the 1920s than ever befor?
They had more money to buy the goods with because of the economic growth.
Is it worth it to buy a car from a auction?
No, they cost too much! The people who sell it makes it more expensive but if you want go buy one!
How do industries improve an economy?
they improve the econymy by lowering there prices so more people will buy there goods therefore makes more money which in turn improves the economy
How does prosperity increase demand?
The more surplus money people have, the more money they have to buy goods - not just the staple goods, but more luxurious goods.
