1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What is one reason why the government would provide financial assistance to an entrepreneur?
lbvjy [14]

to stimulate the economy while decreasing unemployment


5 0
3 years ago
Read 2 more answers
Which type of perspective explains the distinctive features that effective leaders possess?
kodGreya [7K]

A "<em>Leader-Centered Approach"</em> is a type of leadership perspective that features several features that are common in successful leaders.

<u>Successful leaders possess these types of attributes:</u>

Drive - what makes a person determined and want to work hard

Confidence - feeling certain about something

Self-Confidence - knowing and understanding your own worth and abilities

Integrity - strong moral principals and doing the right thing

Honesty - telling the truth

Knowledge of the business they are leading


5 0
3 years ago
What are three major issues addressed by psychologists in the study of human development?
Anika [276]

Answer:

1) Nature vs Nurture

2) Stability and Change

3) Continuity and Stages

NATURE talks about whether the personality traits of individuals is determined by the environment we find ourselves while

NURTURE talks about whether the personality traits of individuals is determined by genetical inheritance.

STABILITY talks about whether our personality traits stays the same as we age or grow older while

CHANGE talks about whether our personality traits change as we age or grow older.

CONTINUITY talks about whether our Development is a continuous process while

STAGES talks about whether development development occurs in a series of abrupt changes.

5 0
3 years ago
Which branch of government ultimately decides how much money to appropriate to the military? executive judicial presidential leg
miskamm [114]
Legislative branch of government is the one who <span>ultimately decides how much money to appropriate to the military.</span>
8 0
3 years ago
Pleaseee help me out on these 3 questions...
Harlamova29_29 [7]
1 is concession 2 is federal 3 is d
5 0
2 years ago
Other questions:
  • A breakdown in selective attention is most likely to be experienced by those who suffer from
    7·1 answer
  • Olivia, a new supervisor, is creating a template for a supervisory contract she can use with supervisees. In the contract, she s
    15·1 answer
  • PLEASE HELP!!!! NEED DONE ASAP!!!!!! WILL GIVE BRAINLYIST!!!!! 10 POINTS!!!!! What is a right you have today because of the Bill
    7·1 answer
  • PLZ ANSWER! WiLL GIVE BRAINLIEST!
    10·1 answer
  • Professor Knight started his lecture today by presenting the four main goals of psychology. He asked the students to repeat them
    9·1 answer
  • How did the United States Supreme Court respond to several cases in which plaintiffs challenged the constitutionality of the Esp
    9·1 answer
  • How did the Greeks approach the problem of rocky land with poor soil?
    14·1 answer
  • 21. By the time the convention ended how many arrests were made and how many protesters
    6·1 answer
  • What river provides a large amount of Hydroelectric power for the United States
    6·1 answer
  • ____________ is the process in which two groups of organisms living in the same habitat diverge into separate species.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!