There are two necessities for an industry to be competitive, first for an industry to be competitive, the industry must have numerous producers that does not have a large market share, second, an industry can be considered competitive if its consumers regard the products of the producers as equivalent.
History helps you to understand the importance of the work
The Examples are:
- Economic Change-Southerners had to find another alternative to slave laborers.
- Social Changes- Black codes enacted.
- Political change- laws and Constitutional amendments that gave power to federal government to carry out the principle of equal rights, voting rights to slaves.
<h3>What is the effect of the Economic Change in the Reconstruction era?</h3>
The type of change that had the most impact on Southern life is said to be the political change as the Civil War altered the political system of the South.
Social change faced faced the most challenges and Southerners were against this type of change because it brought an end to their slave labor.
The abolishment of Slavery brought about payment of wages to get workers and this lead to a decrease in terms of profit.
A Social Changes in this era also was Racial segregation served as a replacement for replaced slavery in the South and also Black codes enacted as well as “Jim Crow”.
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Delaware, Pennsylvania, Massachusetts, New Jersey, Georgia, Connecticut, Maryland, South Carolina, New Hampshire, Virginia, New York, North Carolina, and Rhode Island
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Answer:
Trade was a commonly used way to obtain items back in the day, people would give one item in exchange for another, allowing people to have access to items they didn't have before.
Explanation:
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