Question

The Great Depression took place in the USA in 1930s because of which of the following reasons?

• A. Abundance of goods
• B. Absence of goods
• C. Abundance of services
• D. Absence of services

Answer 1

The correct option is A

Abundance of goods

Some economists argue that an economic problem also arises from an excessive supply of goods. The Great depression of the 1930’s which took place in the USA was also due to abundance of goods but not due to scarcity.