Simply, the working conditions were terrible during the Industrial Revolution. As factories were being built, businesses were in need of workers. With a long line of people willing to work, employers could set wages as low as they wanted because people were willing to do work as long as they got paid.
The owner of the land didn’t want it anymore and needed money to fight its own battle, allowing the us to purchase a large chunk of land for 12 million!
Answer: In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good
Explanation:
Explanation:
Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. ... Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods.
