Economic Effects Of The Black Death

Economics is essentially the study of how people create, trade, and use goods and services. People need certain things and to have certain things done, and others provide these through their labor, at a price. Those who demand, or need, these goods and services are willing to pay for them, and they pay more for them when their need or desire for them is great or when the supply of them is small. The Black Death killed both those who demanded goods and services and those who supplied them, but...