Answer:
low wages
Explanation:
this draws families to embrace a reality in which wages dominated .
We can say that in a monopoly, the price is always higher than the socially optimal price
EXAMPLE: a pharmaceutical company brings out a new medicine for diabetes. It acquires a patent from the government for the production of that medicine implying that only that pharma company has the right to produce the medicine till the patent expires. This leads to a monopoly situation in the market. Now this pharma company can charge the highest price possible so that its profit is maximum since it is the sole producer of that medicine.
Ratification of the 13th Amendment “HAD NO INFLUENCE ON” the voting strength of the Southern States
Answer: Civil disobedience
Explanation:
British policies in India were economically profitable at the expense of the Indians.
Explanation:
The colonial policies were justified by the enormous economic potential of the colonies wherein the cost incurred of production was to be extracted from the colony by itself and then the profits of the enterprise was taken away by the colonizer to their native country.
Thus, the policies implemented in India made the colony deplete of resources and filled the pockets of the colonizer which was the primary goal of colonialism.
