All of These Were Essential Features of the Factory System

question 31

Multiple Choice

All of these were essential features of the factory system beginning in the 1840s,EXCEPT ________.

• A) a supervised workforce
• B) the workforce being located in one place
• C) payment of cash wages
• D) each product being produced by one worker
• E) mechanization

---

Definitions:

Inferior Good

An inferior good is a type of good for which demand decreases as the income of the individual increases, in contrast to a normal good.

Rental Housing

Properties available for rent to provide accommodation, usually on a monthly or yearly lease agreement.

Price-Consumption Curve

A curve in economics that shows the changes in an individual's consumption of two goods as the price of one good changes, holding the individual's utility level constant.

Engel Curve

A graphical representation showing how household spending on a particular good or service changes with income.