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How did the overproduction and under consumption worked together to help ruin the economy in the great depression?
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What is the Great Depression causes?
The Stock Market crash, structural weakness of the economy, overproduction, misdistribution of wealth and an international crisis contributed to the Great Depression in the United States.
What is the great depression.?
The Stock Market crash, structural weakness of the economy, overproduction, misdistribution of wealth and an international crisis contributed to the Great Depression in the United States.
What can be done to increase consumption in a depressed economy?
Keynesian economics might be successful as it was in the 1960's depression. It is basically the government going into debt then pumping more money into the economy.
Besides underproduction and overproduction market economy also involved in which production?
no production
The weakest element in the economy during the 1920s was?
Overproduction
What the was cause of the Great Depression?
The Great Depression refers to the economic downfall that took place before and during World War II. This was due to a severe lack of jobs and the crash of the stock market
A period of very slow economic activity?
A recession in basic terms. It is when the economy slows down. It is when people stop buying/selling/trading. The economy is the over all general money in a way and when it "slows down" the money gets lesser and everyone gets poorer. Economy means the system of production and distribution and consumption so when there is slow economic activity there is less of all of those. A period of slow economic activity is an amount of time where there is less production, distribution, and consumption. Generally causing a lack of money. The Great Depression was a recession in the USA and there was a lack of money because there was a lack of the system of production and distribution and consumption.
What is the definition of economies?
Economy is thrifty management; frugality in the expenditure or consumption of money, materials, etc. Economy is also the system of production and distribution and consumption.
The proper term describing the US economy after the depression is?
The proper term describing the US economy after the depression is recovery. The economy went up from where it was.
How can overproduction hurt the economy?
Overproduction can hurt the economy because when there is more of a thing, it's value goes down. For example, if government prints more money it's value will drop. Similarly if something is over produced there will be less demand and more supply thus losing it's value.
How will the depression in the global economy affect the strategic planning in the organization?
How will the depression in the global economy affect the strategic planning in the organisation?
What brought the us economy out of the great depression what brought the u.s. economy out of the great depression?
Mainly, it was World War II.
