THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Good
|
|
|
Bad
|
|
|
It did not have an effect because there was a huge population
|
|
|
None of the above
|
Detailed explanation-1: -Overproduction, or oversupply, means you have too much of something than is necessary to meet the demand of your market. The resulting glut leads to lower prices and possibly unsold goods. That, in turn, leads to the cost of manufacturing – including the cost of labor – increasing drastically.
Detailed explanation-2: -Overproduction is the accumulation of unsalable inventories in the hands of businesses. Overproduction is a relative measure, referring to the excess of production over consumption. The tendency for an overproduction of commodities to lead to economic collapse is specific to the capitalist economy.
Detailed explanation-3: -Overproduction is the production of goods that exceeds the needs of the consumers who are consuming them.