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In What Ways Was World War I a Total War

question 7

Essay

In what ways was World War I a total war? What actions did governments take to mobilize their economies and societies? How did civilians participate in the war effort?


Definitions:

Elastic Supply

The condition where the quantity supplied of a good or service changes significantly in response to a change in price.

Elastic Demand

A situation where the demand for a product is sensitive to price changes.

Deadweight Loss

A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved, resulting in a mismatch between supply and demand.

Deadweight Loss

The loss of economic efficiency that occurs when the optimal level of supply and demand is not achieved.

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