0
Why did goods and services cost so much money during the gold rush?
Wiki User
∙ 12y ago
Essentially it comes down to the law of supply and demand. There were a lot of people looking for gold and needing goods and services (mining equipment, food, etc.) to do so, so the prices went up.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What method allowed goods to be produced in greater quantities at lower cost to the consumer?
Mass production
How much does a sleeve tattoo cost?
How much money do you have
What is development at a cost?
While paying fees at public utility services,the same can be regarded as development at a cost. When the same is availed of free of charges, that can not be termed as above.
How much money does it cost to buy all 50 beyblades?
about 100
How much did Georgia O'Keeffe Sunflower from Maggie cost?
alot of money
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is the cost of goods and services in New Zealand during the great depression?
New Zealand suffered during the Great Depression because the New Zealand economy relies largely on exports. During the depression there was no demand for any of the products we have to export, and therefore there was no circulation of money.
How is production important in the provision of goods and services to consumers?
Production of goods is important for services and companies because companies must produce in mass what goods or services consumers will purchase. If customers do not wish to purchase a certain good or service, then it could cost a company mass amounts of money if they have produced it.
How is opportunity cost related to the supply of goods and services?
Opportunity cost: Determining whether a purchase is a need or a want and realizing that once the money has been spent, it is gone.
How ancient Egypt get there money?
Currency was not used during most of ancient Egypt's history. People made goods, grew foods and provided services to trade.
What is the general decrease in cost of goods and services called?
Deflation
Which term describes what a manufacturer spends for goods or services?
cost
What is a general increase in the cost of goods and services?
That is called "inflation".
The amount that a supplier pays to produce goods and services is called?
Cost
Is a rise in the cost of goods and services called inflation or deflation?
Inflation
A large extraordinary loss has what effect on cost of goods sold?
A large loss will cause the cost of goods to increase. The cost of goods will increase because the organization will attempt to recoup the money.
In soviet union what was the opportunity cost of the emphasis on heavy industry?
The opportunity cost were the consumer goods and services.
