Affects in Great Depression
State what affect the most in Great Depression?
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In 1920s the boom in business made people overly confident therefore people invested their money in risky stocks and deals with it. In addition, banks provide careless loans and soon failed when people could not be able to repay them back. Third, businesses produced more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming replaced by machines and people could not find work.
Describe why the equilibrium price of commodity is determined at the level of output at which its demand equavalents its supply.
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Why do some people think that a mixed economic system resolves essential economic problems?
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In the competitive market economy, most of the prices: (i) Make sure high incomes for the bureaucrats. (ii) Free resources and ration free goods. (iii) Act as a signal among sellers and buyers. (iv) Are set by the govt. Discover Q & A Leading Solution Library Avail More Than 1460711 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936192 Asked 3,689 Active Tutors 1460711 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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