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Why were mining companies more successful then individual miners?

Mining companies were more successful than individual miners due to their access to larger capital investments, allowing them to employ advanced technology and equipment that individual miners could not afford. They could also leverage economies of scale, operating multiple sites simultaneously and optimizing resource extraction processes. Additionally, mining companies had the organizational structure and expertise to navigate regulatory environments and manage the logistical challenges of large-scale operations, further enhancing their productivity and profitability.


What was life like in a mining boomtown?

for many torture. in many camps one egg sold for $5, at a time when back east you could buy a complete lunch for one dime. many independent miners could not make enough to eat, so they got jobs with the big mining companies that were so dangerous that today OSHA wouldn't even let the job exist. Read Mark Twain's book "Roughing it" to get a better idea.


Why did the miners look for gold in the gold rush?

Gold was and is a valuable metal and a sign of wealth, so when gold was discovered in California, word travelled quickly. Some miners even believed stories about gold being found sitting in rivers or on the ground. If you could go somewhere and get rich just by sitting in a river or picking rocks off the ground for a few days, wouldn't you go?


Why would a group of companies be willing to cooperate in price-fixing?

So that they could all make more money.


What could the government do to better coordinate the efforts of churches other nonprofit organizations government agencies businesses and individual citizens when emergencies strike?

What could the government do to better coordinate the efforts of churches, other nonprofit organizations, government agencies, businesses, and individual citizens when emergencies strike?

Related Questions

Why were mining companies more successful then individual miners?

Mining companies were more successful than individual miners due to their access to larger capital investments, allowing them to employ advanced technology and equipment that individual miners could not afford. They could also leverage economies of scale, operating multiple sites simultaneously and optimizing resource extraction processes. Additionally, mining companies had the organizational structure and expertise to navigate regulatory environments and manage the logistical challenges of large-scale operations, further enhancing their productivity and profitability.


Why did large mining companies replace individual miners?

so that they could make more money and trade off more things in return forneven vetter things


Could you tell me a sentence with the word slogan?

Lots of companies have an individual slogan.


Where could one compare companies employing share brokers?

One could compare companies employing share brokers by doing an individual analysis of each company. Sites like Angie's List provide users with reviews on these companies.


What happened to the Eureka Stockade miners if they didn't have their licence?

If miners could not produce their licence, they were fined, beaten or gaoled.


How did building fort Defiance affect the lives of the miners in Glenwood Canyon?

The railroad came and the miners could get their coal sent out.


How did the Nile river help ancient Egyptian miners?

Because they could mine underneath the river which other miners couldn't get!


How did people travel in 1850s in London?

Walk, or if they could afford it, in a horse drawn vehicle.


Why did the police harass the miners?

Easy! The police harassed the miners because alot of miners didn't have a licence so if a prospector (digger, miner) didn't have a licence the police could fine them or even arrest them


Where could one find a reliable Gold Miners ETF market?

Exchanged traded funds are the most reliable place for Gold Miners ETFs. On the exchanges one can find ETFs specific to pure gold miners, gold and other precious metal miners, gold explorers as well as variations such as junior miners.


What could gold rush miners do with quartz?

Throw it away as it was not gold.


What is a Combination of two or more companies into a single firm?

You might be thinking of a merger - two or more companies merging into one; or it could be a group of companies working under same name, but staying as individual legal entities within the group.