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:

Worse Off

A situation in which an individual or group is in a less favorable or more disadvantageous position than before.

International Trade

entails the exchange of goods and services across international borders or territories, influenced by comparative advantages, exchange rates, and global economic policies.

Firms

Business entities or organizations that engage in commercial, industrial, or professional activities.

Budget Surplus

When federal tax receipts are greater than federal government spending.