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Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
A contracting economy is one that is on the decline. The opposite of a contracting economy is a growing economy.
prices rise
It means the economy is bad.
Only a few basic industries in America in the 1920s controlled the wealth. This lack of diversification contributed to the decline of the economy because when these industries weakened and sales fell tremendously, there were not yet other industries that were advanced and developed enough to counteract the damages made by the decline of these industries like construction and automobile sales.
How is the Andean region important to Argentinas economy
No, countries that use a traditional economy are usually primitive, rural and use a system of barter and trade. As the manufacturing industry continues to decline in England, Its service, finance, and tourist industries continue to show healthy growth.
A contracting economy is one that is on the decline. The opposite of a contracting economy is a growing economy.
The main industries that help the economy of Serbia, 23% of industry, 63% of serives, and 12% of agriculture. Those are the only 3 known industries that affect the economy.
in an economy
prices rise
they lost their dominance to foreign competition. britains coal mines and traditional industries were in rapid decline. british industries suffered because many were inefficient and because their products were not in demand.
prices rise
Their economy became crippled.
It means the economy is bad.
The economy of Ireland is based on Industries today.