According to the text, what is not a pre-condition for factory production and industrialization?
a. Standardized parts
b. Sufficient power and energy
c. Continuous process production
d. A sufficiently centralized administrative structure
d. A sufficiently centralized administrative structure
You might also like to view...
According to the Application, the argument that the broken window is good for society
A) works in the Keynesian world when the economy is operating below full employment. B) never works in the Keynesian or classical worlds regardless of where the economy is operating relative to full employment. C) works in the classical world when the economy is operating at full employment. D) works in both the Keynesian and classical worlds regardless of where the economy is operating relative to full employment.
What is a normal rate of return?
What will be an ideal response?