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Because workers' wages increased, prices for manufactured goods decreased, and because of the new method of the assembly line, Europeans could afford to buy more consumer products.
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How did overproduction cause the wall street crash?
overproduction caused the wall street crash because in the late 1920s, more goods were being produced than people who could afford to buy them. As a result companies decreased their prices because there was more supply than demand theirfore american industries made huge lossed. When the demand for consumer goods dropped , some workers became nemployed which meant they could no loger afford to by consumer goods.
What is the difference between a consumer and a producer substitute economics?
A consumer substitute refers to two goods that are alternative choices for a consumer for example Coke and Pepsi. A producer substitute refer to products that are alternative choices for producers and could have been produced using the same resources for example wheat and barley.
How do demand forecasting method for new products vary from those for established product?
The demand forecasting method goes by the phrase "supply and demand" as the forecasting method provides products both currently and popularly in demand. Meanwhile, established products work with the forecasting method as a means to remind everyone that there are products for those whom could not otherwise afford a product similar to the one currently in demand by the suppliers selling the product.
Why don't poor farmers use the machinery and fertilizers of Green Revolution farming?
They could not afford them: )_____novanet!
What was established to set the maximum prices that could be charged on consumer goods?
Office of price administration
Did people in the southern colonies eat wheat?
Yes, but slaves and poor Europeans could not afford it. The rich ate it.
What abuses gave rise to consumer advocacy?
companies could afford to ignore consumers' wishes because there was so much demand for their goods and services. As a result, they were often able to command high prices for products of poor quality
What are two reasons why Europeans left Africa after world war 2?
they could no longer afford to keep up thier colonies and were out of money
Why are warning labels necessary for products?
They are necessary to ensure the safety and protection of the consumer when using the products. If used incorrectly the products could be a danger and cause serious injuries or even a fatality.
Who were the first chocolate lovers?
The first to enjoy chocolate were the natives to where it was grown (Central / South America), and then the wealthy Europeans who could afford the then-very-expensive chocolates in the 1400s.
What was the goal of mass production as describe by Henry?
To build cars cheaply enough so that his factory workers could afford themTo sell the most products to the most number of people possibleTo build goods so cheaply that everyone could afford them
Why could only the rich Europeans drink chocolate?
Chocolate cost quite a lot as it had to be imported. However, in the eighteenth century, coffee houses were common in many European countries and the middle class could also afford it.
How could Americans in the 1920 afford cars?
if they could not afford a car, they could put it on layaway
What was goal of mass production as described by Henry Ford?
To build cars cheaply enough so that his factory workers could afford themTo sell the most products to the most number of people possibleTo build goods so cheaply that everyone could afford them
What was the goal of mass production as described by Henry Ford?
To build cars cheaply enough so that his factory workers could afford themTo sell the most products to the most number of people possibleTo build goods so cheaply that everyone could afford them
Was the goal of mass production as described by Henry Ford?
To build cars cheaply enough so that his factory workers could afford themTo sell the most products to the most number of people possibleTo build goods so cheaply that everyone could afford them
How did the Ford model t change American society?
It made the automobile affordable to the average consumer. Prior to the Model T cars were so expensive only the rich could afford them.
