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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.
Where is the economy at its best in the US?
Honesty No where and it is only going to get worse.
Can we stop the bad economy quickly?
I don't think so. I think the economy will get worse before it gets better.
What is another word for overproduction?
overflowinundationcongestionoverabundanceexcessplethorasurplussuperfluity
In this type of economy the question of how many goods will be produced and supplies is not made by business?
In a socialist economy, the question of how many goods will be produced and supplied is not made by business. This decision is made by the government in this type of 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
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.
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 was the name given to the terrible economic spiral that made the poor economy of the early 1930's even worse?
the great depression
What was Hoover's response to overproduction?
he didn't necessarily have a response to overproduction. overproduction was just one of the many causes of the depression itself.
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 issues was Franklin D. Roosevelt concerned about the most?
overproduction, business failures, unemployment relief
Where is the economy at its best in the US?
Honesty No where and it is only going to get worse.
Is the economy bad in Phoenix Arizona?
ya its worse then u
Is the economy going to get worse?
yes. be afraid. be very afraid.
What caused overproduction?
Overproduction can cause competition for food, water, and shelter.
