Question

What lessons were learnt from inter-war economic experiences by the economists and politicians during the Second World War?

Answer 1

Explanation:

The two lessons learnt by the economists and politicians during the Second World War were: First: An industrial society based on mass production needs mass consumption. For mass consumption, steady income was necessary and for stable income, full employment was necessary.

Answer 2

Answer:

Explanation:

there should be employment from which they will get good income then they will be able to purchase the goods

then mass production can be followed only when we have mass consumption