Information regarding fluctuations in economic activities happened in india in 2008-2009
Answers
Answer: In the year 2009, there was global downturn economic downturn. From US to Europe and Japan, the financial crisis was seen due to sub-prime housing mortgage crisis. The IMF reported in November, 2008 that the world output will grow for about 2.2 percent in the year 2009.
The world Bank reported in December 2008 that the world output will grow by 2.1 percent in the year 2009.
ANSWER
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Economic Fluctuations :- Under capitalism, price fluctuations are commonly seen. Unplanned production leads either to overproduction or underproduction of goods.
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Additional Information :-
In 2008-2009, Because of the new discoveries of better types of machines and techniques of productions were used and the poor people which were illiterate did not know how to use new techniques had caused fluctuations in production in 2008-2009.
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