The Industrial Revolution, which was the transition from hand production methods to machines occurred in Europe and the US between 1820 and 1840, brought as result the use new chemical and iron production processes, the use of steam power, the development of machine tools as well as the rise of the factory system.
The effects of this Industrial Revolution were notable in Northwest of America, specifically in Boston, New York City, and Philadelphia, where such industrial development transformed them into industrial cities and growing commercial centers.
<em>Some of the features which showed that such Northwest cities were becoming an urban society were the dense network of railroads, canals present in them as well as the telegraph network which linked the nation economically.
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Human effort is one of the resources of production describes human effort in economics
Answer: Option B
<u>Explanation:</u>
Human effort is one of the resources of production. Human efforts typically refers to the labor that the humans put in in the production process. Human efforts are made use of in the production of goods and services. For most production processes, human effort is a central and main activity.
This is because without human effort or labor, the production process may suffer from hindrances and obstacles. Humans tend to possess the skills that can be used in the production of goods and services that are of use in an economy.
Answer:
As indicated by Smith, the aggregate wants of the apparent multitude of individual buyers and sellers in a free economy work normally to achieve:
Explanation:
As indicated by Smith, the aggregate wants of the apparent multitude of individual buyers and sellers in a free economy work normally to achieve: Production of the most wanted and helpful merchandise in the most proficient way conceivable, since the seller who most effectively does this picks up the best piece of the pie and incomes.
Answer:
B.
Explanation:
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Answer:
Americans, during the Great Depression, found many ways to live off of bare minimum because of the lack of resources during the depression. One thing they used was called Victory Gardens, which were gardens that families would start themselves so they could save money and resources by growing their own food. Another method of savings that was utilized was embracing frugality, which meant they would uptake a mindset of buying the exact necessities in order to get by.
