Which of the following is a negative aspect of the entrepreneurship era?
A) Inflation spiralled out of control, resulting in a decline in standards of living.
B) Powerful businesses gained the ability to manipulate prices and exploit workers.
C) Governments began running huge deficits.
D) Productivity declined in many key industries as work shifted away from mass production to more labour-intensive methods.

Question

Quizplus · Accepted Answer

The rise of large and powerful businesses during the entrepreneurship era led to the concentration of economic power in the hands of a few, which gave them the ability to manipulate prices and exploit workers. This had negative consequences for workers and consumers alike. While inflation and government deficits were also issues during this time, they were not directly caused by the entrepreneurship era itself. The shift away from mass production may have had mixed results in terms of productivity, but it cannot be considered a wholly negative aspect of the era.

Which of the Following Is a Negative Aspect of the Entrepreneurship