Answer:
Britain was far more advance from other European countries.
Explanation:
The development like industrialization and advancement in society began first in Britain. The industrial revolution was possible in Great Britain because of the availability of iron ore and coal deposits. They had modernized transportation like canals which helped transport goods from one place to another. They brought materials to factories and finished products to markets.
If you’re talking about supply and demand, demand is how much people want of something, and the suppliers how much of it is available. If there is more demand then there is supply, the price of the product will go up. If there is more supplied and there is demand, the price will go down.
<u><em>The price of one nation's currency in terms of another nation's currency is called the exchange rate</em></u>
Carnegie decided that he was going to be a capitalist who concentrates on one industry - the steel industry. He constructed his first steel mill in the around 1875. The profit he made from this steel mill allowed him to buy up other nearby steel mills. As Carnegie's empire grew, he bought up more of the competing steel mills. His purchase of Allegheny Steel contributed to the formation of his monopoly because it was one of his last major competitors. The definition of a monopoly is a company or enterprise that is the only seller of a certain product. By the time Carnegie had finished buying up his competitors, his company was the only company left in the steel industry.
Mass production facilitates the efficient production of a large number of similar products
