Arthur Jones distributes rawhide to several different homes.In turn,each household produces a product such as satchels,belts,shoes,and boots,and then Arthur sells the finished goods.This represents a(n)
A) oligopoly.
B) domestic system.
C) system of specialization.
D) factory system.
E) barter system.

Question

Quizplus · Accepted Answer

This scenario describes the domestic system, where raw materials are distributed to homes and finished goods are produced and sold through a decentralized network of households rather than in a central factory.

Arthur Jones Distributes Rawhide to Several Different Homes