How did the institution of the firm get a boost from the advent of the Industrial Revolution?

Question:

How did the institution of the firm get a boost from the advent of the Industrial Revolution? What type of business organization existed before this?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics A Contemporary Introduction

ISBN: 978-1111415921

9th edition

Authors: William A. McEachern

See More Books

Question Posted: Dec 12, 2015 05:18 AM

See More Questions

A marketing innovation is the cash-back mortgage wherein the lender gives the borrower an up-front bonus cash payment. For example, if you borrow $100,000 on a 3% cash-back mortgage loan, the lender...
You work as department head in the information technology (IT) department at First Federal Bank. Part of your job is to conduct an ongoing assessment of risk for the institution and to recommend...
How can a bank or other financial institution help American businesses to compete in the global marketplace?
The table contains real data. MySpace U.S. Advertising Revenue ($ millions) (a) Determine the maximum and minimum values for each variable in the table. (b) Use your results from part (a) to find an...
Table 2.12 gives the franchise value and 2011 revenues for each of the 30 teams in Major League Baseball as reported by Forbes magazine and as listed on the Forbes.com website on June 14, 2011....
The spent fuel elements from a fission reactor are much more intensely radioactive than the original fuel elements. (a) What does this tell you about the products of the fission process in...
Table B. 17 contains hospital patient satisfaction data. Fit an appropriate regression model to the satisfaction response using age and severity as the regressors and account for the medical versus...
The concept of one-stop-shopping for global logistics is fast catching on. There are now more than thirty large logistic companies, called mega-carriers, who can provide truly global and integrated...
The LIGO interferometer is used to detect the very very small compression and expansion of space as a gravity wave passes by. It is essentially a Michelson interferometer, each of whose arms L1 and...
BOOTS, Inc., recently completed work on a 1 year, $10 million contract for technical support services awarded by the US Army. The contract included a small business subcontracting plan, and it also...
What factors does a householder consider when deciding whether to produce a good or service at home or buy it in the marketplace?
What are the disadvantages of the sole proprietorship form of business?
Two identical charged dice having $+5 \mu \mathrm{C}$ of charge, each having mass $3 \mathrm{~g}$, stay in static equilibrium on the surface of a table with a separation of $12 \mathrm{~m}$...
Suppose that a trait in some mice is an unusually long tail. You initially have a true-breeding strain with normal-length tails and a true-breeding strain with long tails. You then make the following...
Compute the taxpayer's losses for the following situations. a. Arthur Angler, single, acquires 500 shares of Section 1244 stock in 2015 for $\$ 100,000$ and sells all of it for $\$ 40,000$ in...
On a camping trip on a uninhabited island, you find one male snail with a shell that coils to the right. However, in this same area, you find several shells (not containing living snails) that coil...
With regard to thickness and length, what do you think chromosomes would look like if you microscopically examined them during interphase? How would that compare with their appearance during...
Discuss the types of experimental observations that Lyon brought together in proposing her hypothesis concerning X-chromosome inactivation. In your own words, explain how these observations were...
Find the areas of the regions enclosed by the curves and line. y = |sin x|, y = 1, -/2 x /2
Describe the Operations (+,,*,/) that can cause negligible addition (NA), error magnification (EM), or subtractive cancellation (SC) in calculating ?((x^2)+1) - x . Give the range of where they might...
How low must a quota be in effect to have an impact? Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota. Under what circumstances would the net...
Suppose that the world price for steel is below the U.S. domestic price, but the government requires that all steel used in the United States be domestically produced. a. Use a diagram like the one...
Complete each of the following sentences: a. When a nation has no economic interaction with foreigners and produces everything it consumes, the nation is in a state of __________. b. According to the...
Milden Company is a merchandiser that plans to sell 4 1 , 0 0 0 units during the next quarter at a selling price of $ 5 9 per unit. The company also gathered the following cost estimates for the next...
How do organizational learning theories, such as the learning organization concept and knowledge management practices, contribute to sustained competitive advantage and organizational resilience in...
Harbert, Incorporated had a beginning balance of $12,000 in its Accounts Receivable account. The ending balance of Accounts Receivable was $10,500. During the period, Harbert collects $72,000 of its...

How did the institution of the firm get a boost from the advent of the Industrial Revolution?

Question:

Step by Step Answer:

With the Industrial Revolution it became more efficient ...View the full answer

Microeconomics A Contemporary Introduction

Students also viewed these Economics questions