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