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One sign that the US economy might be weakening in the 1920's was the failure of the area banks. Along with the banks failures there was an underproduction of goods due to lack of money.

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9y ago
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11y ago

the collapse of large corporations

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Q: One sign that the economy might be weakening in the 1920s was?
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Which of the following was a sign of an unsound economy during the 1920s?

more goods were being produced than consumers could buy


Is an increase in GDP a positive sign for an economy?

positive


How does a country's GDP help you determine if its economy is strong or weak?

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An economy cannot be totally reliant on services alone. However a service-economy is a sign of economic growth and development of the country. It's not a sign of weakness, rather it shows the strength of the economy. A service-based economy will be reliant on other countries for manufacturing products and catering to the demand of primary and secondary markets. However, no market is a pure service oriented market and US is no exception. So it's not a sign of weakness nor is it bad that US is a service-based economy. It just means that they have a highly skilled and competent workforce who work in the tertairy sector. But don't forget that US also has primary and secondary sectors- but they're not that dominant as compared to tertiary sector.


Is Pakistan has mixed economy?

Pakistan operates on a mixed economy. A "mixed" economy is a mix between socialism and capitalism. It is a hodgepodge of freedoms and regulations, constantly changing because of the lack of principles involved. A mixed-economy is a sign of intellectual chaos. It is the attempt to gain the advantages of freedom without government having to give up its power. Pakistan is in vast trouble currently, the taliban will never allow them to experience great growth and increase living standards, the public is oppressed really.

Related questions

Which of the following was a sign of an unsound economy during the 1920s?

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Foreign investment in the US is seen as a sign of in the US economy?

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