Generally speaking, industrialization greatly reduced social inequality by creating a "middle class" of people, who were able to significantly increase their incomes due to the large number of jobs available in factories.
Answer:
The biggest issues in europe after the war was large debt, broken economy and having to finance reconstruction.
Equity-efficiency tradeoff results when maximizing the productive efficiency of a market leads to a reduction in its equity—as in how equitably its wealth is distributed.
Answer:
John Smith
Explanation:
1607, May: About a week after establishing Jamestown, Captain Newport led a group of 23 men, including John Smith, George Percy, and Gabriel Archer on an exploration up the James River.
Answer:Shipping low-yield crops great distances
Imagine a very large town in the center of a uniformly fertile plain; an isotropic space. Beyond the fertile space extends a desert that isolates the town from the rest of the world. There are no other populations. The only market buys all the agricultural production of the region, and is transported by the shortest route (a straight line).
In these conditions all men behave similarly in economic matters, that is, they have the same needs and abilities, produce equally and have a total knowledge of space and rationally conducts to achieve maximum performance, is the economic man. The differences in the cost of transport are taken into account depending on the distance, the quantity and the perishability of the merchandise.
Explanation:
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