1945

Production in the private enterprise economies

image of Production in the private enterprise economies

The post-war decade has witnessed a remarkable world-wide expansion of economic activity. After a decade of depression prior to the war, growth has become an overriding social objective in the private enterprise economies. The economic lethargy of the nineteen thirties has been shaken off, and the horizons of economic communities have been vastly extended. Governments have assumed new and increasing responsibilities for full employment, rising standards of living and economic development.

Related Subject(s): Economic and Social Development
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