The benefit received from paying less for a good than the maximum amount that the person is willing to pay for it. Thus, if a person is willing to pay up to $3 for something, but the market price is $1, then the net economic benefit for that item is $2.
Answer:
Explanation:group politics because it’s a group of people
Answer:
C. the Industrial Revolution in England
Explanation:
The industrial revolution occured in England between 1760 and 1820 to 1840, and it signifies a major turning point in the world economy as it spread from Britain to other parts of the world.The industrial revolution brought about a shift from old production methods such as hand-crafting to new manufacturing processes like the use of machines, developing machine tools, increasing usage of water and steam power all of which made mass production possible. The revolution also led to a consistent increase in average income, growth rate of the population and the standard of living.
