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What was the goal to the wealthy planters in the south?
To have an aristocratic society like that in England
What best describes Warren G. Harding's attitude toward business?
He felt the government should cooperate with business to achieve greater profits. He wanted to support business growth. ~APEX
Why did Britain prevent other nations from copying their machines?
because if other countries had the same machines, then they would not buy the machines products off Britain. Then profits would drop causing more poverty.
What was a positive affect of high tariffs?
higher profits - apex
When mercantilism ended what were the costs and benefits to raw material producers in the colonies?
When mercantilism ended, raw material producers in the colonies faced both costs and benefits. The costs included increased competition from foreign markets and potential price volatility, as they were no longer guaranteed a secure market for their goods. However, the benefits included greater freedom to trade with various nations, leading to potentially higher profits and diversified markets. This shift allowed producers to adapt and innovate, ultimately fostering economic growth in the post-mercantilist era.
In order to become more efficient and to make greater profits both individuals and nations learn to .?
They learn to specialize to become more efficient and make greater profits.
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
Why do Firms trying to avoid competition?
Firms try to avoid competition so that they can set higher profits and earn greater profits.
There is often what when a company goes public?
Greater pressure to make bigger profits
Why is efficiency so important to a manufacturing?
Efficiency is important because manufacturers must compete with one another. More efficient manufacturers can offer better goods at lower prices. Efficient manufacturers make greater profits, faster, with less waste. If you like my answer, please recommend me as a contributor!
This type of business organization has one or more individuals sharing in this profits?
partnership
What are the implications for the regulatory authorities of the concept of the minimum efficient scale?
profit per units will decrease meaning that companies will have to sell far greater amounts of goods to achieve high profits, as the contribution per unit will be less as the goods are selling for their minimum price
Are Individuals in capitalist economies motivated by the interests of the community?
Workers are motivated by the need to work for wages in order to survive, while capitalists are motivated by the need for greater profits.
What increased production and led to greater profits and a demand for more workers?
steam-powered machinery
Why is an economic advantage for developed nation often a disadvantage for a developing nation?
Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net
Why is an economic advantage for a developed nation often a Disadvantage for developing nation?
Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net
Why is an economic advantage for a development nation often disadvantage for developing nation?
Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net
