Unformatted text preview: from 1929. The factors during “The Great Depression” that affected labor, demand and supply are when the banks and financial institutions were forced to close due to loss in the New York Stock Exchange. Labor was decreased because the banks and financial institutions were unable to stay in business that caused many people to lose their jobs and source of income. The employment rate increased to 15 percent which is much higher than our generation recession and many people loss the confidence to shop and keep up on many services due to lack of income. As a result of consumers not shopping and requesting services as they did before the labor demand on manufactured products decreased. And because the supply wasn’t needed due to lack of purchases by consumers the labor supply also decreased. Loretta Campbell 02/24/2011...
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This note was uploaded on 05/29/2011 for the course POS 110 taught by Professor Britt,j during the Spring '10 term at University of Phoenix.
- Spring '10