Out of the given options, “it was essential to the rapid movement of goods, workers, and ideas”, the statement best describes the railroad industry in Great Britain during the industrial revolution.
<u>Explanation:
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The industrial revolution witnessed a lot of people migrating from the country to the cities in search of employment. In these period, there was a massive boom in the production of goods along with people travelling to the cities.
The railways helped the people to travel with minimum hassle. Due to the railways goods could be transported to other places by consuming comparatively less time.
There is a general belief that railways helped the industrial revolution to continue by speeding up production and supply of goods and finished products and faster people transportation from one area to another.
Explanation:
What is the cost of credit?
Credit costs an additional amount of money. The borrower must repay the amount of the loan–the principal–plus interest to the lender. Generally, repayments are made on an installment basis over the life of the loan. In some instances, one payment of principal and interest is made at the maturity of the loan.
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3. charging interest
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When a corporation eliminates its competition it becomes what is known as a "monopoly." Monopolies took several organization forms including what were known as trusts. Stockholders of several competing corporations turn in their stock to trustees in exchange for a trust certificate entitling them to a dividend.