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
Depends on the time period but I assume most cultures used some form of serfdom instead of what we see in modern times. I could be wrong take it with a grain of salt
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