0
What else can I help you with?
What goods were exchanged along this silk route?
the goods were silk and cotton
What caused two economic recessions in the united state during the late 1800s?
There were more goods available than there was demand for them
What did Constantinople produce during the Silk Road?
food such as berries, grapes, and parsley. they also traded goods such as silk, and cotton
Who was the first to India's cotton goods to Europe?
lAexander the great
Who was the first to bring India's cotton goods to Europe?
lAexander the great
Is it true during a recession demand for goods increases and employment rises?
Just the opposite happens. In a recession, unemployment increases and the demand for goods decreases.
Why did the factories in the north demand raw cotton for their machines?
Factories in the North demanded raw cotton primarily because it was essential for the textile industry, which relied heavily on cotton to produce fabric and clothing. The mechanization of textile production during the Industrial Revolution increased the need for large quantities of cotton to feed the machines efficiently. Access to raw cotton allowed Northern factories to maximize production and meet the growing consumer demand for cotton goods, driving economic growth in the region. Additionally, the profitability of cotton made it a key commodity in trade and manufacturing.
Consumers expect certain goods and services to be available on demand during?
both high and low demand periods
What important role did the demand for cotton play in the industrialrevolution?
Eli Whitney invented the cotton gin, which made cotton harvesting much easier for southern farmers. The ease of growing and harvesting then caused it to become the chief industry of the south, and resulted in the Southern States having a strongly agrarian economy.
What following goods will least likely suffer a decline in demand during a recession?
toothpaste
What are some goods during 1860?
Some goods sold and traded during the 1860's were animals, plants, cotton, wool, wine, beer, animal furr's, and foods grown.
What is price of related goods in demand?
Price of related goods in demand means prices of substitute goods and complementary goods.
How do complements affect demand?
Because of complimentary goods demand increase.
Will there always be a demand for goods?
Goods fill needs; so as long as there is human life, there will be a demand for goods.
Is the income elasticity of demand different for normal and inferior goods?
Yes, the income elasticity of demand is different for normal and inferior goods. Normal goods have a positive income elasticity of demand, meaning that as income increases, the demand for these goods also increases. In contrast, inferior goods have a negative income elasticity of demand, indicating that as income rises, the demand for these goods decreases.
How does price help to connect the availability of goods to the demand for goods?
The price of a given commodity will determine both the demand and the availability of goods. If the price is reduced the demand of the goods will increase and the availability of the goods will reduce.
What do you call in economic terms buying and selling of goods?
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
