Unsafe Products,and Dangerous Workplaces,which Kill and Harm Many Thousands of People

question 19

True/False

Unsafe products,and dangerous workplaces,which kill and harm many thousands of people each year,are forms of corporate violence.

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Definitions:

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by mass unemployment, deflation, and a significant drop in demand and production.

Full Employment Output

The highest level of output an economy can achieve without causing inflation, when labor resources are fully employed.

The Classicals

Refers to the classical economists, a group that primarily includes thinkers like Adam Smith, David Ricardo, and John Stuart Mill, who focused on the ideas of free markets, the theory of comparative advantage, and the role of government.

Short Run

A period in economics during which some factors of production are fixed, typically under a year, making some adjustments impossible or difficult.