THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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when a factory or farm buys land from the bank
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when a factory or farm produces more of a product than they can sell
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the use of the assembly line to make a product
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when factories have to fire people from their jobs
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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 production of goods that exceeds the needs of the consumers who are consuming them.
Detailed explanation-3: -Policy: Agricultural overproduction is a key feature of the industrial agriculture system that results in extensive food waste, environmental degradation, and overconsumption of highly processed, non-nutrient dense foods.
Detailed explanation-4: -In lean, overproduction refers to producing too much of a product or service and/or producing it before it is needed. Overproduction causes waste up-front by over-utilizing resources before the product is even procured by the customer.
Detailed explanation-5: -When the production costs of crops exceed the selling prices, then the farmers suffer. They lose their money rather than profit. It is very hard for them to gain the benefits of excess production. They become disappointed about future production.