The black plague killed a lot of workers, so those jobs were then not being done. So that would have affected the economy badly.
When the work force went down from the disease, the ones willing to work demanded four times their pay.
The Black Plague significantly impacted the rise of mercantilism by drastically reducing the population of Europe, which led to labor shortages and increased wages for workers. As a result, the demand for goods and trade increased, prompting the emergence of a more structured economic system focused on state control and regulation of trade. This shift encouraged nations to seek wealth through exports and the accumulation of precious metals, laying the groundwork for mercantilist policies that prioritized national economic interests. Ultimately, the social and economic upheaval caused by the plague facilitated the transition from feudalism to a more market-oriented economy.
The answer is The Bubonic Plague
yes
To determine economic profit in a business, subtract total costs (including both explicit and implicit costs) from total revenue. Economic profit is calculated by subtracting all costs, including opportunity costs, from total revenue.
Economic costs is the decrease in goods and services that occurs as result of unemployment but non-economic cost is the increase in goods and services that occur as result of unemployment.
Another name for the plague is the black death
Black plague
the black plague
The Black Plague is a infectious disease.
That fateful year saw the world's population enduring what is believed to be a recurrence of the bubonic plague, also known as the Black Death or the Black Plague. It is further widely believed that the Black Death was responsible for the deaths of 38,000 Londoners that year.
Well , i don t think so that there are some ! But It totally changed economic of Europe
The common name for bubonic plague is the Black Death.
The black plague
The black plague. The plague was transferred by rats.
It is the Black Death. (Black Plague, or Bubonic Plague)
Plague, Yersinia pestis, bubonic plague, black plague, black death, fleas, rats, middle ages.
The black plague claimed millions of lives.We believe the black plague was caused by the fleas that rats carried, aided by poor sanitation.