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Why does it cost a lot to set up a plantation?
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Why did slavery cost too much?
it costs a lot of money because slave owners had to pay for accommodations so that the slave was intact conditions and that they were going up for a lot of money. also they had to pay for equipment so that slaves can work on a field or plantation. if a slave died they had to buy a new slave which would cost a lot of money which wasn't worth it
Why more capital is needed to set up a factory on a plantation than to start a household industry?
You made need more capital or money when building a factory on a plantation then what would be needed if you were starting a household business. This happens because on the plantation you would have to build the factory, as well as hiring a bunch of employees. A household business is much smaller.
What is the relationship between start up costs and a competitive market?
markets with high start-up costs are less likely to be perfectly competitive.
Has the production expense of fertilizer increased?
Yes. Chemical fertilizers depend on oil as a feedstock, and it takes a lot of energy to make fertilizer. As oil prices rise, fertilizer costs go up.
