Except for cheaper resources, industrial enterprises such as textile mills began to relocate to the South for the reasons listed below. So, option (D) is the correct answer.
<h3>Why did the textile mills move to the South?</h3>
In the 1880s, merchants in search of fresh, more solid investments began to establish textile mills in the South.
Faced with poor economic situations, farmers relocated to textile villages and began working in the mills with their families.
Industrial businesses, such as textile mills, began to relocate to the South because of less expensive business constraints, land, and labor.
Therefore, option (D): "less expensive resources are the correct answer.
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3) Consumer sovereignty concerns the principle of hedonism, individualism and, as some economists often say, selfishness, or exacerbated individual freedom, where the human being has complete freedom to do, whatever he wants and understands and, anywhere, nothing interferes with the decisions of those who need to satisfy their needs. This economic philosophy adopts the principle of laissez faire, or in other words, what works is Adam Smith's infamous <u>invisible hand</u>, or more clearly, the system where the government does not interfere in the economy, it exists only to coordinate the political and social system, without active participation in the development of economic activity. It is what is called in the classic and neoclassical language, an economy of free competition, that is to say, everyone is free before their preferred choices.
4) The economic system in the US is <u>free enterprise.</u> Free enterprise is a principle that establishes the possibility for ordinary people to participate in the market without the need for authorization or approval by the State. If you have the possibility to open a company, sell a product and negotiate the price that is right for you, you owe it to the principle of free enterprise.
The government has a fundamental role in the economic system, such as legislating, placing wealth in the market, as well as inspecting these systems.
5) The price floor wage is the lowest wage a company can pay for an employee. It is established by law and is reassessed every year based on the cost of living of the population, its creation was made based on the minimum amount that a person spends to guarantee their survival.
The most common price floor is the minimum wage--a minimum price that can be payed for labor.
Answer:
The strategy that Germany used was the mass printing of bank notes to buy foreign currency, which was then used to pay reparations, which greatly exacerbated the inflation of the paper mark. Essentially, all of the ingredients that went into creating Germany's hyperinflation can be grouped into three categories: the excessive printing of paper money; the inability of the Weimar government to repay debts and reparations incurred from World War I; and political problems, both domestic and foreign.
Explanation:
Everyone who had debt benefited from hyperinflation because Mark-denominated debt became worthless. A 100,000 German Mark loan in 1918 - a hefty sum - was worth just . 01% of its initial value by 1923. That would be like taking out a $100,000 loan in 2016 and paying it off with a $1.00 bill in 2021.
