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Fofino [41]
3 years ago
11

How did the rise of big business in the united states transform the economy and affect the lives of working people?

Business
1 answer:
Lelechka [254]3 years ago
8 0
<span>Big business is concerned with profit, and thereby decreasing costs including worker salaries and wages. The economy transformed because it is hard for small business to compete and with large entities that leverage scale. Working people lose bargaining power and job security.</span>
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Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.
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