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Tresset [83]
3 years ago
10

O'connor argues that the crisis of overproduction stems from a "contradiction" in the structure of the economy. what does this m

ean?
Social Studies
1 answer:
Pepsi [2]3 years ago
3 0

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.

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Temperament is an individual’s <u>level of emotional reactivity</u>

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A person's emotive, attentional, and motor reactions in different contexts are determined by their temperament, which is a set of personal traits thought to have a biological basis. The way that young children feel and behave, how they approach and respond to circumstances, how much anxiety, frustration, grief, and discomfort they experience, etc., can all be influenced by a child's temperament. These reactions also influence later social encounters and social behavior.

A child's biological make-up gives rise to different emotional and behavioral characteristics that show up early in development and are referred to as their temperament. Children's temperaments influence their outcomes in part by influencing how they interact with and elicit responses from their settings. Depending on their temperaments, children perceive their experiences in the environment in various ways.

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