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The business boom of the 1920s made people overly confident thus; they invested their money in risky stocks and deals. In addition, banks made careless loans and soon failed when people could not pay them back. Third, businesses formed more goods than were wanted and they could not sell or make a profit. Lastly, human workers / jobs were becoming changed by machines and people could not find work.
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Aagency lawsk question #Minimum 100 words accepted#
What are the benefits of leaving the allocation of country resources to the price mechanism? Ans) The main conditions needed are: 1. Either a finite number of agents or goods
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