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over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
It can lead to negative effects on the economic activity and can even cause a recession.
There are a number of things that will happen to prices set below market equilibrium. They will cause a high demand and this will result in limited supply due to the low prices.
yes because increase in supply will cause decrease in price so the purchasing power of consumer will increase as a result of surplus
Technically no, but the government can intervene in some cases and ration even in a capitalistic market. A ration of goods that is below the demand will cause shortages and will create massive lines as seen in the 70's with gas and the 30's with bread.
cause is what made something happen. Effect is what was the result was.
An effect comes about as a result of a cause and a cause makes an effect happen.
A cause makes an effect happen, and an effect comes about as a result of a cause.
food shortages
it aused malnutrition
Food shortages
shortages of land
Food shortages
food shortages
over production can lead to a surplus of goods and/or services, and shortages can occur when demand for a product exceeds the productions of said product
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Tidal waves, Earthquakes, landslides