Transformation and Industrial Maturity
Overview:
Transformation and Industrial Maturity. For this written assignment, please answer the following: In the post-Civil War era, the sacrosanct theory of Adam Smith—his “Invisible Hand” which claimed that the proliferation of competitors imposed an automatic limit to the price that can be charged for any item—was now being challenged. Now, giant industrial entities were developed, whose chiefs and managers tried to control the market, claiming that the efficiencies of scale in itself would be an effective leveler of prices, and thus more competition was not needed. Now, consider the possibilities of competition as a regulating device…..can prices regulate and self limit when there are only a few giant producers? What other check on prices are possible?
Discuss the rise of industrialization, then the growth of cities, migration, and immigration and the various challenges that developed in response to these events. What were some of the more seminal changes to business and society that ensued as a result? when citing your sources be specific with page numbers.
APA style for references and in-text citation
Answers with the course’s readings and at least wo scholarly journal articles. The article’s purpose is to support your positions, claims, and observations, in addition to your textbook. Sources ProQuest and EBSCOhost are great sites to find resources. Also, write in a concise and logical, using excellent grammar and style techniques. Additionally, the quality of your writing dictates grading criteria. On the other hand, if you use direct quotes from books or articles, place the words you copied (use parenthesis) and cite them in-line. Also, only use sources within the five-year range.
Additional Guidelines
The quotes should be complete sentences (no more, less) and should be incorporate-d in your essay to illustrate your ideas. Please, cite your sources in a clickable reference list at the end. Also, do not copy without providing proper attribution (quotation marks and in-line citations). Also, write an essay format, not in bullet form, numbering, or another list format. It would be best if you use your own words. Lastly, proofread your work and run it through Grammarly for thorough confirmation.
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