In the early 1900's , a company often provided a company town, a place where the worker could live in the near working location ( usually like a mining location)
The workers usually were lured by the promise of high wage.
But here's the thing, in company town, a source of living usually can only obtained in a company store, and the cost is really high.
So instead of getting a high wage, the workers trapped in huge debt to the company, creating some sort of slavery that they have to work to pay off their debt to the company
Techincally, the company could easily bring those workers to the court ( even though is very cruel, they obtain the debt in a 'legal' way), so basically workers cant do a thing
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I would buy electric because it is cheaper and safer for the earth:)
Answer:
4 Important Factors To Consider Before Investing
Risk Vs Reward. Any kind of investment would involve a certain degree of risk. ...
Individual Risk Appetite. One man's food is another man's poison – the same goes for investment. ...
Investment Capital. The amount is investment capital you have can also affect your choice of investment. ...
Time Horizon.
1. Traditional - most traditional type of economy, and throughout the world many economies function this way. The areas with these economies are usually rural areas, or third world areas that are heavily dependent on farming. In this system, a surplus is rare, each member’s role is specific, and societies are closer knit along with more satisfied, although there is a lack of things such as technology and medicine that is more advanced.
2. Command - A big part of a command economy is controlled by power that is centralized such as the central government. A command system is the core of a communist economic system. The government is involved in most things big and small, along with owning most of the industries. most command economic systems tend to focus on things that are more valuable such as oil rather than jobs and other goods.
3. Market - economy is the free market have firms and households that act in their own self interest rather than in the interest of others. In a command economy the government keeps the profits while in a free market economy the forms and households keep their own profits. in a pure market economy there is no government intervention however none of this exists in the world. in this type of economy the central government in the market are completely separate so the government does not become too powerful.
4. Mixed - when different types of economies are combined this is called a mixed economy. this is usually a cross between a market economy and a command economy. in this type of economy the market is more or less free of government ownership except the government does own a few key things like transportation industries. sometimes in these economy as the government does regulate private businesses this is to use the best of both worlds to incorporate policies that are both socialist and capitalist to create a fair balance of both. most countries throughout the world have a mixed economic system.
