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kondor19780726 [428]
3 years ago
9

From the perspective of the consumer, the factory system meant ________. Group of answer choices cheaper manufactured goods fewe

r choices in manufactured goods acute shortages of many manufactured items lower quality manufactured goods manufactured goods priced beyond the means of many consumers
Business
1 answer:
weeeeeb [17]3 years ago
4 0

Answer: Cheaper manufactured goods.

Explanation:

The factory system is a method of mass production of goods in an industrial way, which uses the line assembly system to manufacture multiple products at a lower cost, and in the least amount of time.

With this production system, the industrial era began in Great Britain, and today is the most widely used method of producing merchandise worldwide due to the low costs involved in the production.

<em>I hope this information can help you.</em>

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One possible reason as to why consumers respond to sales is that by displaying a "high" regular price and a "low" sale price, sa
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True

Explanation:

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3 years ago
Which of the following is NOT a valid condition for denying a patent application?Select one:
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In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was
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Answer:

Real income has increased by $720 in terms of dollar and 2% in percentage

Explanation:

<em>The real income is determined by adjusting the nominal income for inflation. The consumer price index (CPI) is used to measure the rate of inflation.</em>

R<em>eal income = Nominal income × CPI Base year/ CPI in current year</em>

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Change Real income

Change in real income ($) = 30,720 - 30,000

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Change in real income (%)  =  (720/30,000) × 100

                                      = 2%

Real income has increased by $720 in terms of dollar and 2% in percentage

                     

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