The existence of periodic overproduction crisis is a main characteristic of the market economy system.
In general, the more than an economy can produce, the better as the GDP (Gross Domestic Product) figures increase, there is economic growth and high income and employment figures .
But if an excessive quantity of production is offered in the markets in relation to the amounts demanded, there will be situations of excess supply. If such situations cannot be balanced, a big crisis arises, as producers will have large unsold stocks, factories with an enormous capacity if compared to the amount they can sell according to the demand, and much more workers than they need.
In this situation many plants have to close down, workers are fired and sometimes even the whole business goes bankrupt.
The contradiction happens because high production figures are not leading to economic growth or recording positive figures. Alternatively, an overproduction crisis takes place with the very negative consequences described above.
Answer:
Statement of CBN Core Mandate
ensure monetary and price stability; issue legal tender currency in Nigeria; maintain external reserves to safeguard the international value of the legal tender currency; promote a sound financial system in Nigeria; and.
I believe the answer is: that will increase their well-being.
during the process, people would weight in the magnitude of benefit that they would obtain from doing a certain action compared to the expense and opportunities they need to sacrifice to obtain it. If the benefit is larger than the sacrifice, then people would see their action to be rational or purposeful
In Ancient Egypt the tomb walls of the rich and powerful were often filled with paintings. These paintings were there to help the person in the afterlife. They often depicted the person buried passing into the afterlife. They would show scenes of this person happy in the afterlife. In one painting the man buried is shown hunting and his wife and son are in the picture.
Answer: C. Ancient Egypt
Explanation: A. Sutherland - AncientPages.com - Throughout their history, the ancient Egyptians believed in life after death, and that you would be judged by Osiris, the god of the afterlife, the underworld, and the dead. It was important to prepare the dead bodies for eternal existence in joy and happiness.
