During depression industry suffer from excess production capacity ........

Economics- Phase (I & II) Business Cycles

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During depression _____ industry suffer from excess production capacity.

capital goods

consumer durable goods

non-durable goods

both ‘a’ and ‘b’

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Explanation:

Capital and Consumers' Goods, Production Since 1929 capital goods industries, business history indicates that it is these which sufferThe precipitous decline in capital goods production during the depression, capacity” might have proved a serious blow to the machinery industries had they been effectively observed.