Why England? Flashcards
(6 cards)
Where could the UK pull more raw materials and resources from?
Colonies that East- Asian countries didn’t have
Process of selective survival
Population growth and acreage cultivated grew more rapidly in China
In comparison the UK’s tighter Malthusian constraint forced more technological advancement to create growth
How does growth in output lead to gains to social classes?
gA = a.gr + b.gw + c.gs
However gains may not be shared equally among capitalists, workers and landlords
Where did the majority of gains from output go to?
Unskilled labour due to increased demand for jobs without skill or strength premiums
Why did Landowners gain least? (3)
Land demand for land derived from low demand for land based products
Low income elasticity for land based products
Increased efficiency= reduced land per calorie produced
Biofuels replaced by fossil fuels
Why Capitalist’s didn’t gain more? (3)
Lack of barriers
Lack of patents
High competition