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:
The correct option is C
Explanation:
The capital was well positioned near active trade routes connecting east and west. The Byzantine economy was among the most robust economies in the Mediterranean for many centuries. Constantinople was a prime hub in a trading network that at various times extended across nearly all of Eurasia and North Africa. The state strictly controlled both the internal and the international trade, and retained the monopoly of issuing coinage.
Answer:
this is the answer: Most of the colonists sided with the Loyalists against the Patriots
Explanation:
A multiple-choice test is a good example of a test of: recognition.
Recognition tests sees what a person has been taught before and allows them to pick the appropriate response to a question based on what they've learned previously. When you are picking from a list of choices, you are able to see various answers that could be correct but are expected to be able to decipher between them and chose the right one.
