Canals Were Hugely Expensive to Build, and Railroads Were Just

question 2

Essay

Canals were hugely expensive to build, and railroads were just around the corner. Reviewing the material in this chapter and in Chapter 11, what do you see as the advantages and disadvantages of investment in canals?

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Definitions:

Wholesalers

Businesses that sell goods in large quantities at lower prices, primarily to retailers or other businesses, rather than directly to consumers.

Retail Outlets

Physical stores that sell goods directly to the public for personal or household consumption, as opposed to wholesale transactions.

Transportation Companies

Businesses that provide services to move goods or individuals from one location to another, using various modes of transport.

Customer Value

The perceived worth of a product or service to the customer, relative to the cost and alternatives.