Answer:
C) The system often trapped laborers in a cycle of debt and dependence while allowing landowners to profit from laborers hard work.
Explanation:
Sharecropping is a labor system in which a person agrees to work on a plantation owners land. In return, the person renting the land agrees that they will give a share of their crops to the land owner.
This system became prevelant in the US after the end of the Civil War. Thanks to the outlawing of slavery, thousands of farm owners now needed to find a labor system that would ensure their continued economic success.
The sharecropping system in the South would take the place of slavery. It would be abused by plantation and farm owners, as they constantly changed the terms of agreement with their tenants (of black citizens), resulting in a consistent cycle of poverty for the person renting the land.
Answer:
Firms are said to be in perfect competition when the following conditions occur: (1) many firms produce identical products; (2) many buyers are available to buy the product, and many sellers are available to sell the product; (3) sellers and buyers have all relevant information to make rational decisions about the product being bought and sold; and (4) firms can enter and leave the market without any restrictions—in other words, there is free entry and exit into and out of the market.
Explanation:
A perfectly competitive firm is known as a price taker, because the pressure of competing firms forces them to accept the prevailing equilibrium price in the market. If a firm in a perfectly competitive market raises the price of its product by so much as a penny, it will lose all of its sales to competitors. When a wheat grower, as discussed in the Bring it Home feature, wants to know what the going price of wheat is, he or she has to go to the computer or listen to the radio to check. The market price is determined solely by supply and demand in the entire market and not the individual farmer. Also, a perfectly competitive firm must be a very small player in the overall market, so that it can increase or decrease output without noticeably affecting the overall quantity supplied and price in the market.
A perfectly competitive market is a hypothetical extreme; however, producers in a number of industries do face many competitor firms selling highly similar goods, in which case they must often act as price takers. Agricultural markets are often used as an example. The same crops grown by different farmers are largely interchangeable. According to the United States Department of Agriculture monthly reports, in 2015, U.S. corn farmers received an average price of $6.00 per bushel and wheat farmers received an average price of $6.00 per bushel. A corn farmer who attempted to sell at $7.00 per bushel, or a wheat grower who attempted to sell for $8.00 per bushel, would not have found any buyers. A perfectly competitive firm will not sell below the equilibrium price either. Why should they when they can sell all they want at the higher price? Other examples of agricultural markets that operate in close to perfectly competitive markets are small roadside produce markets and small organic farmers.
1, communism
2, political views meant choosing sidea
Because you’re the man I like the man
Answer
You the reason why
B is the answer
