Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. How did the movement of population from rural to urban America affect the economics of retail selling in the early 20th century? Explain with

1. How did the movement of population from rural to urban America affect the economics of retail selling in the early 20th century? Explain with examples.

2. An ever-increasing amount of retail sales (retail sales are spending at grocery stores, shoe/clothing stores, Target/WalMart, etc.) is conducted via the internet (about 15% of total sales). How does this (or can this) affect retail selling in the 21st century?

3. How did the population movement from urban to suburban America affect the economics of department stores (Dillards, Macy's, Saks Fifth Avenue, and myriad others) and grocery stores (Hy-Vee, Fareway, Aldi, and myriad others)? Explain with examples.

4. "Inertia is common to people under both capitalism and socialism, but the market exacts a price for inertia." Explain how & why inertia among mail order businesses (the leading sellers of the early 20th century) was affected by the rise of department stores.

Key Points: Make sure you know/understand how the following can lead to the rise/fall of businesses: changes in an economy or changes with the leadership of organizations.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental And Natural Resource Economics

Authors: Thomas H Tietenberg, Lynne Lewis

10th Edition

1315523965, 9781315523965

More Books

Students also viewed these Economics questions

Question

Describe Humes general approach to the problem of causality.

Answered: 1 week ago

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago