America was the only major industrial nation that was not devastated by war. The economy benefited from an expanding internal market and heavy investment in research and development
Answer:
In hindsight, <u>from the Gilded Age </u><u>monopolists </u><u>perspective they would say that they have pushed too far with manipulation of prices and thus brought negative reaction and counter measures from the general public.</u> In particular, farmers in the Western country demanded that the government set maximum prices on railroads because monopolist had uncontrolled pricing power. Through the Granger movement they achieved passing of some of the ‘Granger Laws’ and set pricing limit on some services.
This concerned other industries as well. For example, the famous <u>Robber baron</u> Vanderbilt was competing with steamboat monopoly that controlled transportation between New York City and Albany. Using populist rhetoric and peoples line to bring down monopolies, he was trying to pave the way for his own business. Meanwhile, <u>the monopolistic Hudson River Steamboat Association end up paying him a great amount of money so that he would stop doing it</u>.
Even without advertising, consumer tastes change over time due to changes in The change could be triggered by a shift in income levels, consumer tastes, or a different price being charged for a related product.
A good for which consumers' tastes and preferences are greater, its demand would be large and its demand curve will therefore lie at a higher level. It is the most important factor.
An increase and decrease in total market demand is illustrated in the demand curve, a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.
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Answer:
Consignment shop
Explanation:
You might find bargains at a place where people may take their used clothes or other items and sign an agreement to have the store sell the clothes on consignment, meaning that the store will pick up a percentage and give a percentage of the money to the individual who brought it in for sale. This place is called a Consignment shop
Consignment shop are shops that sells used or second hand merchandise