Following the Reforms That Were Intended to End Native Slave-Labor

question 13

Short Answer

Following the reforms that were intended to end native slave-labor on the encomiendas, the ____________________ were established as rural plantation-villages with a somewhat free wage labor.

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Definitions:

Related Resource

Assets or inputs that are connected or utilized together in the production process of goods or services.

Labor Demand

The total amount of workers that employers in the economy want to hire at any given wage rate.

Price Change

A shift in the cost at which goods or services are sold, either increasing or decreasing in amount.

Price Elastic

The degree to which the quantity demanded of a product changes in response to a change in its price.