Question
The Luddites were factory workers in 19th century England who rioted and destroyed industrial machinery in factories, particularly powered cotton looms and wool shearing machines,
The Luddites were factory workers in 19th century England who rioted and destroyed industrial machinery in factories, particularly powered cotton looms and wool shearing machines, to protest the introduction of new technologies. What would have been the impact of their actions on employment in these factories? Explain with reference to scale and substitution effects
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
