Answer:
What do pollution, education, and your neighbor's dog have in common?
No, that's not a trick question. All three are actually examples of economic transactions that include externalities.
When markets are functioning well, all the costs and benefits of a transaction for a good or service are absorbed by the buyer and seller. For example, when you buy a doughnut at the store, it's reasonable to assume all the costs and benefits of the transaction are contained between the seller and you, the buyer. However, sometimes, costs or benefits may spill over to a third party not directly involved in the transaction. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer.
Explanation:
Answer:
A. Craftspeople
Explanation:
Impacts of Industrialization
As factories expanded to manufacture things other than textiles, the process of making goods became highly mechanized. And as machine production replaced handcrafts, the level of skill required to manufacture items went down. Operating a machine in a factory took far less skill than making something by hand. As a result, manufacturing products' manufacturing process became cheaper, allowing the middle classes to buy more consumer products. Along with this, however, the wages for working-class laborers dropped and some trades had a difficult time competing with machines. When factories and machines replaced workshops and handcrafted work, tradespeople became workers. As workers tied to an employer, they were forced to accept lower wages for less-skilled jobs. This shift from skilled to unskilled labor made it difficult for workers to demand better working conditions and pay since factory workers were easy to train and easy to replace. This meant that workers could do little about their low wages or the difficult working conditions in the factories.
Working conditions in factories were incredibly harsh. Workdays were often as long as 16 hours with very few breaks. Factory conditions were uncomfortable and unsafe. With all the machines running, room temperatures could become very hot, and the conditions were crowded. Working the machines could be hazardous, and injuries and even deaths were common. And, despite all these risks and poor conditions, the wages were quite low.
Answer:
Printing press
Explanation:
The printing press was allowed for quicker production of text, as well as having the ability to duplicate in the thousands. A single pamphlet would be carried from one town to another, where it could duplicate even more.
Answer:
A) broke up the monopoly of Standard Oil Corporation.
Explanation:
It was because he made so much money and that little businesses where making no money it was unfair to them
Answer:
El capitalismo es una forma de organización económica y política que permite a los propietarios privados controlar el comercio y la industria sin la intervención del gobierno.
Explanation:
