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MDSS 2

The document discusses how the economic crisis resulting from the industrial revolution led to a surplus of labor supply. This overproduction crisis generated enough jobs to cover the excess labor through new production methods, assembly lines, and the application of scientific discoveries to equip the army and develop new industries. However, the strong economic growth following World War 2 favored the emergence of chronic unemployment, even in developed countries. The popularity of modern computing systems and computer networks triggered a new generation of employees in IT and diverse classical methods of production that benefited the economies of developed nations as long as the business processes benefited from automation. However, when the construction and capital goods sectors alone could no longer support economic growth, financial crises appeared.

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58 views6 pages

MDSS 2

The document discusses how the economic crisis resulting from the industrial revolution led to a surplus of labor supply. This overproduction crisis generated enough jobs to cover the excess labor through new production methods, assembly lines, and the application of scientific discoveries to equip the army and develop new industries. However, the strong economic growth following World War 2 favored the emergence of chronic unemployment, even in developed countries. The popularity of modern computing systems and computer networks triggered a new generation of employees in IT and diverse classical methods of production that benefited the economies of developed nations as long as the business processes benefited from automation. However, when the construction and capital goods sectors alone could no longer support economic growth, financial crises appeared.

Uploaded by

karanchouhan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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P a g e | 123

ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]

Marketing Decision Support Systems and the New Economic


Challenges
Rocsana Bucea-Manea-oni 1, Radu Bucea-Manea-oni 2
1+2

Spiru Haret University


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P a g e | 124
ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]

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P a g e | 125
ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]

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P a g e | 126
ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]

      


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P a g e | 127
ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]

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P a g e | 128
ISSN: 2247-6172

Review of Applied Socio- Economic Research

( Volume 1,Issue 1/ 2011 )


URL: http://www.reaser.eu
e-mail: [email protected]


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