Their share of the nation's income being much smaller than it was in 1970
is True.
In the 1970s , the lower class American's income was around 62 percent and
this has dropped to around 41 percent in recent times. The higher class
American's income however increased during the same period of time.
This is as a result of the increase in economic inequality of the country in
which the disparity between the income of the lower and higher class is very
wide.
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Answer
Overproduction and under-consumption factored into causing the Great Depression by causing falling prices on goods.
Explanation
when we talk about over production this means that goods and services are being produced at a very high rate causing the accumulation of unused products and services. it may be caused by improved techniques and growth in technology. A good example is in farming where due to improved techniques, farmers are able produce a lot of harvests. This may may lead to economy of the country collapsing.
under-consumption is a state where the purchase or the consumption of goods and services is lower than the production and supply.Meaning that there is shortage of consumers.
Answer:
Dutt points out several benefits enjoyed by India - Western education and modern sciences, thought, and life. The British also built a strong, efficient government and provided wise laws as well as a judicial system
Explanation:
Answer:
the first was that war was to be avoided at all costs, the second was that democracies had to be ready to resist aggression. The second lesson led most western European states, including Germany, to rearm and join the Atlantic alliance.
Explanation:
had this question
The commodity which is one of Han china's valuable exports is silk clothing. The Han dynasty experienced both economic prosperity and a decline. It's economy is defined by population growth, urbanization, industry and trade.
