There was a religious transformation
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The answer is
<span>Expanded manufacturing
</span>One result of this exchange was the transfer of germs and viruses that brought
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Answer:
B) Prices decrease as a result of increased production efficiencies.
Explanation:
When a producer has absolute advantage, it can produce more output with less inputs that competitors. In other words, it needs less capital, labor and land to produce the same amount of goods and services. This producer is thus, very efficient, and as it is producing more output, this output becomes cheaper. Consumer benefit from cheaper prices and their purchasing power increases.
Henry Ford was the founder of the "division of labor" concept that increases the production level more quickly and efficiently.
<u>Explanation:</u>
- The efficiency model had been the foundation or the beginning of the business progression.
- Henry Ford's efficient mechanism resulted in the production of more cars at a cheaper price.
- So more people can afford cars at a cheaper price and it also increases sales to a rapid extent.
- Thus it results in better output and also encourages other businessman to follow this mechanism to improve their production in the market.
