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A microwave oven in 1947 cost 2,467 hours, compared to 1997 where it only cost sixty-eight hours. A refrigerator in 1916 cost 3,162 hours and in 1997 it only cost sixty-eight hours. As seen with the microwave and refrigerator there is a huge difference in time cost compared to when they were first available A men’s suit cost seventy-nine hours in 1927, compared to 1997 where is was forty hours. In order to get a pair of soft contacts in 1971 the average person would have to do ninety-five hours of work compared to 1997 where a person would only have to work a mere four hours to get a pair. A seven day Caribbean cruse cost fifty-one hours in 1972 and in 1997 it was forty-five hours...
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Common topics in this essay:
- Transportation Costs and International Trade Over Time
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