Answer:
(i) Mass production
lowered costs and prices of engineered goods. Due to higher wages more workers
could now afford to purchase durable consumer goods such as cars.
(ii) Along with boom
in car production, there was a spurt in the purchase of refrigerators, washing
machines, radios, gramophone players, although the system of hire purchase i.e.,
credit repaid in weekly or monthly installments.
(iii) The demand for
these goods was also fuelled by a boom in house construction and home
ownership, financed once again by loans.
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