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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What mistake did both farmers and companies/industries make, causing the cost of their goods to drop drastically?
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Over production of goods
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Goods are at a stand still
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Under production of goods
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All of these
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Explanation:
Detailed explanation-1: -Lack of infrastructure in the agriculture sector One of the biggest issues that farmers face is lack of infrastructure. This includes poor roads, transportation facilities and so on. Farmers have to depend on others for transport services which increase their costs significantly.
Detailed explanation-2: -Poverty and illiteracy of the farmers prevent them from making large-scale capital investments and adopting scientific methods of cultivation. Small land holdings due to fast-growing population which leads to fragmentation of land at quick succession.
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