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One of the Most Dramatic Changes During the Late 19th

question 47

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One of the most dramatic changes during the late 19th and early 20th centuries was the decline in agriculture and the rise of manufacturing.This caused a big drop in the numbers of farmers and a corresponding surge in the number of factory workers.Mobility due to such changes in jobs is called:


Definitions:

Sole Proprietorships

A business structure where a single individual owns and operates the business, enjoying complete control but also bearing unlimited personal liability for its debts.

Regulatory Requirements

Legal obligations that entities must follow, often established by government agencies to regulate industry standards and protect public welfare.

Agent's Authority

The scope of power given to an agent to act on behalf of a principal in legal or financial matters.

Termination

The act of ending or concluding something, such as a contract, employment, or agreement, through specific actions or by operation of law.

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