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Show 85 strating that the Western industrial economy is less than is true in other regions. only based changes it is upon However, it could withstand portend effect of industrial goods development. and services expans i on in the the was population growth 27 workers employed 1930 's. in the case may be both The demand for in turn, creates through rising Inc rea sing' employment opportunitie s, an than population growth, which, demand for production that the Western economy may be better able to cyclical instability In summary. nurtures in the number of conclusive, since is not observation This recession to subject actively employed an productive new a and cause a labor broadened market incomes and increased 'total and pe r capita income, and labor force; with coupled a con- comitant rise in consumer demand, broadens the market for consumer and services. goods . demand for the ne ce s sary for In most instances, production of demanded services. constitutes the major rn arid s I producer s the result is an accelerated goods, (plants, machinery, equipment, etc.) of the se consumer I s goods and the provision Steel, the basic material of modern civilization, product consumed in the satisfaction of these de- , The W est e 'r n S tee 1 The Western steel Fuel & Iron Company plant 27 industry at L. Victor Riche s I s Thesis (unpublished Master 1951), p. 133. In d is u s try - Cap a relatively Minnequa, Colorado, , ' "The Dept. Steel-Using of cit y The Colorado young.. was the Industrie s only largeof Economics, University Utah of Utah, |
