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
There wasn’t many companies as we think of them.
There would be local providers (like smiths/weavers/etc) living anywhere large enough to support them. People living in tiny villages would travel for things they couldn’t make themselves, or the tradesperson would travel (like a farrier).
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