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Why were industrial and agriculture surpluses a problem for us economy?
Industrial and agricultural surplusses were a problem for the US economy because if they couldn't get rid of or sell their product, the price of the products would collapse. They in turn lowered production to meet the real demand.
Why were industrial and agricultural surpluses a problem for the US economy of great depression?
During the Great Depression, industrial and agricultural surpluses contributed to economic problems by leading to falling prices and decreased profitability for producers. Overproduction meant that supply exceeded demand, causing inventory gluts and forcing businesses to cut wages or lay off workers. This cycle of reduced income and consumption further deepened the economic crisis, as consumers had less money to spend, leading to a prolonged downturn. Ultimately, the surpluses highlighted structural issues in the economy, exacerbating the challenges of recovery.
What are the disadvantages of a controlled economy?
The problem of surpluses. Surpluses indicate a waste of labor and materials that could have been applied to more pressing needs of society.
What problem arose because Georgia did not allow slaves?
One problem that arose from Georgia not allowing slaves was that it limited the agricultural labor force available to work on plantations, hindering the profitability of the state's agricultural economy. Additionally, Georgia's economy relied heavily on slave labor, so the ban on slavery created economic challenges for the state.
How was agriculture a problem in the economy?
In the early 1900's many farmers were overproducing which meant they were flooding the economy with their goods. Farmers were then slowly decreasing the price of their goods so that the government had to intervene with groups such as The Agricultural Adjustment Act, which paid farmers not to farm. Agriculture was, back then, a major part of the economy.
What problem did the move toward a market economy economy cause?
inflation due to lack of goods and profit motive unemployment due to change in objective and structure of the economy industrial unrest due to labour unrest lack of markets lack of welfare system changes in the international trade pattern
Why was the British government slow to pass laws addressing the problem of pollution during the early years of industrial revolution?
British leaders feared that such laws would interfere with businesses and harm the economy.
What is the economic problem of manufacturing in the Philippines?
agricultural problems
Why is it more of a problem now than it was before the industrial revolution?
Why is it more of a problem now than it was before the industrial revolution? global warming
What is the core economic problem?
the core economics problem with economy of pakistan
What did the Dust Bowl do to the US agricultural economy during the Great Depression?
the great depression was a sad time for all Americans. the dust bowl was just another problem and caused hunger in many cases. it also caused poverty.
What kind of rain is an environmental problem?
Acid rain is the environmental problem in industrial areas.
