Mention the two key lessons that politicians and economists drew frominter- war economic experiences.

Mention the two key lessons that politicians and economists drew fromi

1.	Mention the two key lessons that politicians and economists drew frominter- war economic experiences.
Answer» The economists and politicians learnt two key lessons from the inter-war economic experiences.(i)First, an industrial society based on mass production cannot be sustained without mass consumption.(ii)There was a need for high and stable income which depends on full employment of the people.(iii)Since market alone could not guarantee full employment; government should intervene and take steps to minimise fluctuation of market forces.(iv)The second lesson is that the global economy is inter-related.(v)The goal of full employment could only be achieved if governments had power to control flow of goods, capital and labour.