Colonial and European merchants
Profits
Andrew Carnegie in steel and John D. Rockefeller in oil industry built fortunes by buying the competition, thus creating monopolies that could charge prices much higher than costs and earn large profits.
Positive would be: increased profits for raw goods. Negative would be: increased costs for making profits as in slave ownership
Business profits
The two cultures were very different, but three of the reasons appear below:1. Most white settlers were Christian, native Americans weren't2. Native Americans were usually more prepared for Midwest winters than the newer white settlers (survived more gruel-some winters than whites with stocking up on food, clothing, etc.)3. Many native Americans preferred to live and sleep outside during the the spring, summer, and fall while the white settlers depended on their houses for mostly all their shelters
They had the available land and a shortage of labor to meet their needs. Their cash crop was the labor intensive tobacco plant from which they could derive huge profits if only they had adequate and conpliant labor.
They recieved few profits
They received few profits (novanet)
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what is the difference between reasonable profits and economic profits
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They received few profits (novanet)
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The wealthy made large profits and many Americans spent more than they earned on entertainment and unaffordable items.
what is the difference between maximising wealth and maximising profits in a corporation and which do you think is superior?
It depends on what you mean. Could you rephrase the question?