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:July 28, 1914 – November 11, 1918
Explanation:
Answer:
When the 1824 election ended without any candidate receiving a majority in the electoral college, the House of Representatives awarded the election to John Quincy Adams.The 1824 presidential election marked the final collapse of the Republican-Federalist political framework. ... Jackson earned only a plurality of electoral votes. Thus, the election was decided by the House of Representatives. John C. Calhoun, supported by Adams and Jackson, easily won the vice presidency.
Explanation:
Answer:
The three R's – reduce, reuse and recycle – all help to cut down on the amount of waste we throw away. They conserve natural resources, landfill space and energy. Plus, the three R's save land and money communities must use to dispose of waste in landfills.
Explanation:
I believe the answer is (red guard)
