Question

Mention two key lessons learnt from the inter war economic experiences by the economists and politicians after second world war. ​

Answer 1

Answer:

The economists and politicians learnt two key lessons from the inter-war economic experiences. (i) First, an industrial society based on mass production cannot be sustained without mass consumption. (ii) There was a need for high and stable income which depends on full employment of the people.

Answer 2

Answer:

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