Answered: What social and economic effects did…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Question

What social and economic effects did mass production and the assembly linen have one the bourgeoisie

Expert Solution

Step 1

Producing goods in bulk that is mass production and assembly line permitted the goods to be made and provide a quick transportation. Not only has it benefited it increasing the quantity, but also the efficiency of production has increased. This increase in production and efficiency decreased the prices of goods produced And this particularly helped the bourgeoisie as they could use the same amount of money to buy more goods.

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions