It was an oil-exporting nation
The Americans.
It was the scarcity of goods and services that caused the Soviet Union to modernize its economy during the 80's and 90's.
because the soviet economy was in serious trouble
improve the economy and decentralize decision making
It was an oil-exporting nation
The Americans.
It was the scarcity of goods and services that caused the Soviet Union to modernize its economy during the 80's and 90's.
because the soviet economy was in serious trouble
They got their money from the Soviet Union
improve the economy and decentralize decision making
The paradox of thrift refers to the idea that if everyone saves more money during an economic downturn, it can actually harm the economy as a whole by reducing overall spending, leading to decreased demand for goods and services, which can further exacerbate the economic downturn. In other words, what may be good for individuals in the short term (saving more) can have negative consequences for the economy as a whole.
Studies have shown that alcohol is one of the products which is purchased more frequently during an economic downturn. Strip clubs are a popular destination for purchasing alcohol and for those who are intoxicated. As a result, strippers have maintained their clientele and their profession has not been harmed by the current economy.
During the Great Depression in the US, almost all businesses were hurt by this serious economic downturn. This included US auto manufacturers. With unemployment rates near 25%, car sales were hit hard, and as with other industries there were layoffs of workers.
Gearing up for war, on a massive scale, always helps the economy.
Compared to the US; a very low standard of living for Russian (Soviet) citizens, and bankruptcy for their government.
Keynesianism is an economic theory that advocates for government intervention in the economy, particularly during times of economic downturn, to stimulate demand and spur growth. It emphasizes the role of aggregate demand in shaping the overall economic output. This can be achieved through measures like government spending programs and monetary policies to stabilize the economy.