Answer: The Model T brought mobility and prosperity on an undreamed of scale through manufacturing efficiencies at a price that anyone could afford. The moving assembly line created the mass-production process, which influenced the “machine age.” It also enabled Ford to steadily decrease the price of the Model T.
Explanation:
It resulted in colonies in Africa and Asia being granted independence.
Answer:
Laissez-faire, or free market capitalism, is an ideology that prescribes minimal public enterprise and government regulation in a capitalist economy.
Spillover costs are Productions costs paid by the general public.
Spillover costs are also known as negative externalities. These are costs or dates shouldered by third parties due to a market transaction.
