Answer:
Explanation:In general, economic growth occurs as a result of increases in the production of goods and services. Increased consumer spending, increased international trade, and businesses that increase their investment in capital spending can all impact the level of production of goods and services in an economy.
For example, as consumers buy more homes, home construction and contractors see increases in revenue. As companies invest in their businesses in order to expand their products and services, they hire more employees and increase salaries or wages. All of this activity leads to economic growth, which can be measured by gross domestic product (GDP)—the total monetary or market value of all the finished goods and services produced within a country's borders in a given period.
I think you wanted to know whether the given statement is true or false. based on this assumption, i am answering the question. It would be false to say that the Middle Atlantic States were the major production areas in the United States in the early 1900s. Basically it was the North Central states and the Middle Atlantic States that were the major production areas in the early 1900s.
Mass production of goods resulted in the use of mechanization to have an oversupply. Some labor work were replaced by machines, which created unemployment and change of needed skills for an upgrade. Common work can be done by machines while the craft was still handed down to skilled workers. There was a high demand for buying machines that can reproduce products faster.
Social order. Beneath the emperor, there were four main social classes in ancient China. These four classes were nobles and officials, peasants, artisans and merchants.