Perfect Competition and Inelastic Demand
Description
Farmers lured into producing massive food surpluses for WWI could no longer profit when the war ended and demand plummeted. After 1933, President Franklin D. Roosevelt sought to improve the conditions of farmers via policies in his New Deal plan. Government subsidies later allowed for corporate ownership of a majority of farmers. The Freedom to Farm Bill of 1996 gave farmers a little more maneuverability, but for the most part farmers are still held to the fluctuating demand statuses of large competitive firms.
Runtime
27 min 48 sec
Series
Subjects
Geography
Database
Films on Demand
Direct Link
Similar Films
Manage Change Effectively
Choices & change. Macroeconomics. Measuring economic growth. Lesson 5
Jordan Celkupa Discusses Managing Career And Savings In Middle Age
Kevin McGovern States Importance of Understanding Technology Available To You Within Your Company First
Why isn't the euro weaker?
Jake Reisch Discusses Partnerships
Dar Caldwell Discusses Leadership And Support
Project Regeneration—Inside the Founders, Studies in Business Leadership
Maria Verrigni States Social Media Network Expand The Number of People You Influence
Greg Hartz Discusses Giving Back To The Community
Deborah Arrindell Discusses Positive Aspects To Having Had Multiple Career Paths
Choices & change. Microeconomics. Supply & demand. Lesson 3
Brian Bauer Shares Example Of High Emotional Intelligence
Matt Faso States Goal in Online Environment Is Leads Not Clicks
Simone Fojgiel Discusses Business Expansion And Change