different points of
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view about Giseal depression 291
which
one would you agree g si
anant with why?
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Great Depression lasted between 1929 to 1939
It was triggered by decline in demand and fall of prices
Marxist Economist argued that it was because of capitalism and can get rid of only with socialism.
Economist JM Keynes argued that state shall play a crucial role and intervene effectively
During decline state shall invest and generate employment and help people to earn money a d demand goods in market
I would agree with view of JM Keynes.
I believe that governments role in these situation would be very much necessary and inevitable
Explanation:
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