An economic depression may make people thrifty and cautious, even those who are not particularly badly affected. They will, for example, see others losing their jobs and save rather than spend or invest. If prices fall and continue to fall, this is likely to create an expectation of falling prices. This is likely to lead many to postpone the purchase of non-essential goods and also to postpone investment decisions. Even when the economy picks up, many assumptions created by the depression are likely to linger. Obviously, all these observations are huge generalizations andthere are always exceptions. Joncey
The current economy of the world is either a recession or a depression. Most people who are poor, are poor through no fault of their own. They are just living in a very bad economic conditions and have not been giving the same chances as other people have.
The economic structure determines how the resources in a country are divided up and it has major implications on what kinds of jobs or goods are available. It has a major effect also on the countries standard of living.
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
A standard of living measure is the economic position of the individual.
Economic growth is necessary for economic development but not a sufficient proof of economic development. The improvement of people's living condition is a greater assessment of economic development.
The economic silent depression is a non-validated time period that is compared to the Great Depression. Comparisons reflect how the US is currently suffering from an economic shift that is arguably more severe than that faced during the Great Depression. One of the factors used to make this claim is the comparison of wage to cost of living ratio. It is noted that there is a greater disparity in average salary and cost of living than what was seen then, although it has been noted in history as one of the worst economic downturns of all time.
China was severely affected by the Great Depression. The economic status of the country become worse and the general cost of living become unbearable.
A thesis statement for depression could be: "Depression is a serious mental health condition that affects individuals' emotions, thoughts, and behaviors, leading to negative impacts on daily functioning and quality of life."
cuz
The current economy of the world is either a recession or a depression. Most people who are poor, are poor through no fault of their own. They are just living in a very bad economic conditions and have not been giving the same chances as other people have.
the limitation that effect national income is base standard of living in the country if the country have a good policy of economic definitely the standard of living will be balance
The economic structure determines how the resources in a country are divided up and it has major implications on what kinds of jobs or goods are available. It has a major effect also on the countries standard of living.
in acient Greece a group o fpeople living together with the common purpose of taking care of each other through economic activity was called a ?
economic depression
With the exception of the depression era of the 1930's (the stock market crash of 1929), our capitalistic system of government has given the citizens of the US a very high standard of living.
Germany :)
The political, economic and social changes affected the daily life of Americans in 1920s to 1930s in a huge manner. The main event during this time was the Great Depression which had mainly been caused by World War I and this made the cost of living almost unbearable for most people.Ê