A Disadvantage of the Direct Ownership System Used by Early

question 16

True/False

A disadvantage of the direct ownership system used by early manufacturers in the 1830s like McCormick and Singer was the lack of direct control and control over quality levels.

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Definitions:

Hyman Minsky

An American economist known for his theories on financial instability and the inherent tendency of financial markets to move towards crisis.

Asset Bubbles

A situation where the price of an asset dramatically exceeds its intrinsic value, often due to speculative buying.

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Indexed

A strategy or financial instrument that is designed to track a specified basket of stocks or index, aiming to mirror its performance.