The factory system_________________?
Correct answer: D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs
- A. was introduced when it became convenient to house both workers and machinery under one roof
- B. gave more power to the employers called entrepreneurs
- C. was an American invention popularized through cultural diffusion
- D. resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs
Explanation
The factory system concentrated workers and machinery under one roof, improving coordination and giving entrepreneurs greater control over production. Because both statements are correct, the combined option is best.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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