During the Great Depression,most Provinces Provided Some Form of Direct

question 27

Short Answer

During the Great Depression,most provinces provided some form of direct and indirect relief.Direct relief was available in various forms including cash,vouchers to purchase basic necessities,and goods such as food and clothing.Briefly describe what indirect relief consisted of.

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Definitions:

Decreasing-cost Industry

An industry where average costs of production decrease as the industry grows, often due to economies of scale.

Demand Curve

An economic representation that illustrates the quantity of a good that consumers are willing and able to buy at various prices, typically downward sloping from left to right.

Productive Efficiency

A state where goods are produced at the lowest possible cost, utilizing resources effectively without waste.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, showing the cost per unit of output.