What are two people's places or events that fit the statement; “The economic changes brought about by the Industrial Revolution reshaped social classes and led to increased class tension.”

Q: Why do you think that the inventions you presented in class matter in terms of making the society…

A: Innovation is important for the progress of the society as it solves such social problems and…

Q: In Economics, "______________________   is the sum total of skills embodied within an individual:…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: The principle explains why the loss of jobs due to automation in certain industries may create jobs…

A: Automation refers to the process in which manufacturing activities are conducted by machines without…

Q: In a market economy, the compensation of labour is determined by the interaction of demand and…

A: A labor market is the place for the people and firms to interact with each other for the exchange of…

Q: Analyze whether each of the following government activities is motivated by a concern about equality…

A: When the goods and services are unevenly distributed in the market due to lack of individual…

Q: Conflict theory: contends the social institutions and practices persist because powerful groups have…

A: Technological change would increase the demand for employees. Therefore status quo would decrease.

Q: What is the opportunity cost of your MBA education? How does the opportunity cost to you change if…

A: Opportunity cost is the foregone benefit from an alternative selected.

Q: the difference between mercantilism, liberalism, and Marxism. How does each view the purpose of…

A: Mercantilism was a trade-related economic policy that mainly existed from the 16th to the 18th…

Q: What did mercantilism see as the economic goal for society? Why was poverty seen as essential?…

A: Mercantilism was an economic theory and practise popular in Europe from the 16th to the 18th…

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: Name two things about our current economic system you would like to change, and briefly explain why.

A: I believe that changing the tax code to benefit specific groups, such as small businesses,…

Q: Which of the these characteristics should economies follow and why? Include three of the…

A: The characteristics Answer: Economic freedom, it is one of the essential requirement to conduct…

Q: How are cities related to farming and the Industrial Revolution?

A: Cities got developed during the Industrial Revolution(IR) as laborers left their farms to cluster in…

Q: What factors caused American business to develop into a mixed economic system rather than some other…

A: The American economy, like most first-world economies, follows a mixed economic system. Under a…

Q: educational institutions help further in the preservation of our history and culture?

A: Culture: The qualities and knowledge of a particular group of people comprising language, religion,…

Q: What are Traditional Society, Command Economy, Market Economy, and Mixed Economy? Which is best?

A: When a certain good is manufactured, cost  takes place and process of business follow ups. Business…

Q: Explain "Fairness and Equality or giving all the people same opportunity"

A: The study of economics take into consideration the allocation of the resources which is available in…

Q: Friedrich Hayek advocated for an economic system based on: O A. sharing the profits from all…

A: Friedrich Hayek was primarily known for his contribution to the field of political psychology and…

Q: attending summer school cost 2,200. If you worked, you could earn 7,000. What is the opportunity…

A: Opportunity Cost:The opportunity cost of using a commodity or activity is equal to the value or cost…

Q: What determines the answers to the economic questions under a traditional economy?

A: Traditional economy explain 3 questions which are as:- 1 .what to produce? 2. How to produce? 3. For…

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: How us Aboriginal collective thought different from European thought?

A: Aboriginal collective thought- These are concerned with collective rights of indigenous people.…

Q: 9- Prior to industrial revolution sales team was not required because: a. People do not want to…

A: The transition from an agrarian/ agriculture based economy to an economy which was mainly dominated…

Q: Ha-Ha Land's economic system has the following characteristics: i) households could only own the…

A: B. Market Capitalism

Q: Explain how Marx's principle may or may not apply to today: - capitalism survives by exploiting…

A: Karl Marx believed that the capitalistic system is inherently exploitative and capitalists tend to…

Q: How does the capitalism economy give to the communities?   How does the capitalism economy take away…

A: Capitalism refers to the market form where people are allowed ti make economic activities according…

Q: Which of the folowing examples explains how the United States is a Mixed Economy? O A. Most…

A: A mixed economy is one that has the elements of both a socialist as well as a capitalist economy. It…

Q: Explain what the Industrial Revolution was and where it began.

A: There are different sectors in an economy. These are agricultural sector, manufacturing sector and…

Q: What value does entrepreneurship provide for our economic well-being?

A: The concept that depicts the development and management of business ventures for gaining profit…

Q: 1. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic…

A: The economic system that is paternal, kinship in nature means the business is getting done by the…

Q: Explain the concept of the invisible hand that was created by Adam Smith.

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: The government tells your factory that it has a five-year plan to make iron   1. What kind of…

A: Economics systems in broad have been categorized into three types:- Capitalist economy: It is an…

Q: normative analysis on the desirability of increasing legal immigration to the United States. How…

A: 1. The talents of migrants, the qualities of current workers, and the features of the host economy…

Q: WHAT MAKES THE CLASSICAL SCHOOL EVOLVED TO THE MARGINALIST?

A: The Classical and Neo-classical (Marginalists) schools are two prominent schools of economic…

Q: How to identify the economic market structure?

A: Market structure is known as the basis through which different industries in an economy are…

Q: The Development is both Right and Privilege?

A: In Economics, development is the process of creating wealth for the benefit of the community. It's…

Q: What are all the economic market structure and their differences? How to identify the market…

A: Dear Student as you have posted multiple questions, but we can attempt only 1 question at a time…