Name and explain two basic economic factors that the determinate slaves’ prices

Expert Solution

Although highly derogatory, there were several economic factors that affected a slave's price. These are:

(1) The supply of slaves. If there was an excessive supply of slaves, more than what was required to work at a plantation, the price of the slave would decrease.

(2) The income of the buyer. If the buyer of the slaves was a large landlord, he could afford to buy the slaves at a higher price and actually choose the fittest ones. Thus, increased income means increased purchasing power and increased prices.

Rahul Sunny answered 2 years ago

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