Answer:
First
(i) An industrial
society based on mass production cannot be sustained without mass consumption.
(ii) But to
ensure mass consumption, there was a need for high and stable incomes.
(iii)
Incomes could not be stable if employment was unstable. Thus stable incomes
also required steady, full employment.
(iv) But markets
alone could not guarantee full employment. Therefore the government could have
to step in, to minimize fluctuations of price, output and employment.
Second
(i) It is
related to a country's economic links with the outside world.
(ii)The goal
of full employment could only be achieved if governments had power to control
flow of goods, capital and labour.
Thus the main aim of
the post-war international economic system was to preserve economic stability
and full employment in the industrial world.
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