It makes me wonder how companies managed to stay in business when there was lack of purchasing power and goods usually cost way more than today compared to the average salaries.
So people wouldn’t buy a lot of new products and generally products lasted longer.
How did companies make money during this period before mass consumption became normal and products started to be sold by the millions?
In: Economics
Other commenters already wrote about how it was mostly smaller businesses and tradesmen which is true
If you were wondering about larger companies and operations, they were typically done with some combination of violence and political backing (like today, but more)
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