Answer : The correct answer is : The increase in inflation caused the bankruptcy of many companies, the agricultural economy suffered and declined, the economic uncertainty caused many companies to fail, there was a remarkable growth in unemployment, wages were very low, the need to replace slave labor.
Public sector comprises of companies or enterprises that are run by the government. ... Private sector comprises of companies or enterprises run by individuals or groups of individuals & the government has no control over it. It is mainly run for profit
