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Deadweight loss. In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to society) does not equal marginal cost (to society) – in other words, there are either goods being produced despite the cost of doing so being larger than the benefit, or ...
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It had a stockpile good for 55 days, and another 20-day supply was en route. Facing its most serious crisis since 1945 the government ordered a 10% cut in the consumption of industrial oil and electricity. In December it ordered an immediate 20% cut in oil use and electric power to Japan's major industries, and cutbacks in leisure automobile usage.
The eight-hour day was a concession to the workers' and soldiers' soviets, and was unpopular among industrialists. A 12-hour day was reintroduced by a right-wing government during the occupation of the Ruhr and subsequent hyperinflation crisis in 1923. The Labour Ministry eventually shortened wages in the late 1920s.
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