Answer:
The gap between limited resources and unlimited wants and needs.
Explanation:
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"<span>Workers receive higher wages" and "More people acquire jobs and earn wages" is the major reason why </span>consumption might increase during periods of economic growth.
A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
Answer:
During the late nineteenth century the U.S. economy underwent a spectacular increase in industrial growth. Factory workers had to face long hours, poor working conditions, and job instability. During economic recessions many workers lost their jobs or faced sharp pay cuts.
Explanation:
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