answersLogoWhite

0


Best Answer

As the nation's economic system developed, the economy experienced both ups and downs. This means that as the economy was developing, there were economic booms where the economy was considered 'good' but also falls (or depressions) where times are considered 'bad.' These ups and downs are sometimes, but not always, cyclical when they appear, meaning that a depression will be followed by a length of time when the strength of the economy grows again.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: As the nation's economic system developed the economy experienced?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which nation experienced the greatest economic growth following the Great War?

To know which of the nations experienced the greatest growth someone needs to be able to know what the choices are for the nations. Without knowing what the specific nations are it is hard to know which one of them had the most growth.


European nations have experienced a debt crisis what caused the crisis?

During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.


Why is an economic advantage for a developed nation often a Disadvantage for developing nation?

Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net


Why is an economic advantage for developed nation often a disadvantage for a developing nation?

Profits for developed nations mean long hours and low pay for workers in developing nations. <----Nova Net


Why economic advantage for a develop nation often a disadvantage for a developing nation?

An economic advantage for a developed nations sometimes allow them to exploit developing nations. For instance, more money and resources allow bigger nations to exploit labor in undeveloped nations.


Some European nations have experienced a debt crisis what caused this crisis?

During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.


Why did the modern economic growth experience of the more developed nations not spread more rapidly to the less developed countries?

also looking for these points


What is called when a nations economy that is comprised of elements of more than one economic system?

Mixed economies


Why was president Hoover blamed for the nations economic problems?

Hoover was blamed for the nation's economic problems because he thought that the best way to fix the economy was to let the economy fix it's self (do nothing).


What is one way that underdeveloped nations can increase growth in Gross Domestic Product?

Studies conducted by economists at the Federal Reserve Bank of New York indicate that under developed nations can benefit and increase their GDP by importing high technology products from developed nations. As a whole, trade between less developed nations and underdeveloped ones, have resulted in economic benefits for less developed nations.


Is Belize a developing county a developed or undeveloped county?

Belize is a developed country. Countries are described as developed countries when they have a developed economy, and an advanced technological infrastructure when compared to other developing nations.


How did the panic of 1837 affect the economy?

the panic of 1837 affected the nations economy by entering an economic depression where the business and unemployment fell to a very low level.