In the market economy, there are four phases of the business cycle. Sometimes an economy grows, at other times it slows down, and these recurring changes are what make up the business cycle. In the business cycle, there are four phases, and these phases are prosperity, recession, depression, and recovery.
Prosperity is also known as expansion, and it is the time when the economy is at its best. Throughout the nation, unemployment is low, there is an increase in the output of goods and service, and consumer spending is high. This phase is sometimes called Peak Prosperity, and during Peak Prosperity, it is a good time for new businesses to start up. As the activity of businesses slows down, there is the danger that the economy will move into the second phase, recession. .
Recession is the period of economic slowdown. Unemployment starts to rise there are fewer goods and services being produced, and consumer spending decreases. Recessions usually lasts for about six months. This phase leads into the third stage, depression.
Depression is the next step in the business cycle. It is a period of prolonged recession. During a depression, consumer spending is extremely low, unemployment is really high, and the production of goods and services is low. Poverty results because many people are out of work, and can't afford to buy food, clothes or shelter. Eventually, the gross domestic product will slowly increase, and this shift in the economic cycle leads to a period called recovery. .
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Recovery is the period of renewed economic growth, and is characterized by reduced unemployment, increased consumer spending, and businesses expanding. During this stage, businesses pick up, people find jobs, the poverty level goes down, and the demand for goods increases. .
These phases are what keep the economy going. If the economy didn't flourish at times, or didn't die down and lose money, it would be rather boring.
Domestic violence is in majority a learned behavior cycle. ... Politics plays a huge role in the continuing cycle of domestic violence. ... All of those also top the list for prevention and breaking the cycle. ... Educating people on the cycle, warning signs, and ways to seek help is mandatory to break up this vicious cycle. ...
The Revenge Tragedy The Revenge Tragedy flourished in Britain in the late Elizabethan and Jacobean period for both literary and cultural reasons. Thomas Kyd's The Spanish Tragedy (1587) helped to establish the popularity of the genre, and it was followed by The Revenger's Tragedy (1606), publi...
According to David Smith of Primedia Bussiness Magazines, "The Ford line includes: the family vehicles (Crown Victoria, Taurus, Windstar, Aerostar), the expressive (Explorer, the new Expedition and an upcoming small sport/utility vehicle), the sporting (Mustang, Thunderbird, Probe); the youthful (Escort, Focus, Contour, Aspire and Ranger); and the tough (F-Series trucks). ...
Everyone goes through changes along the way, but few stop to contemplate who they were and who they have become. I've taken this opportunity to show myself what has become of me. Who I am now is clearly the product of all the influence i've had in my life, but my dad definately has been the most in...
According to David Smith of Primedia Bussiness Magazines, "The Ford line includes: the family vehicles (Crown Victoria, Taurus, Windstar, Aerostar), the expressive (Explorer, the new Expedition and an upcoming small sport/utility vehicle), the sporting (Mustang, Thunderbird, Probe); the youthful (Escort, Focus, Contour, Aspire and Ranger); and the tough (F-Series trucks). ...
The water cycle and the rock cycle are interrelated since they are both important factors to our earth. They also interrelate because the rock cycle needs part of the water cycle during erosion and weathering. ... The water cycle uses rocks and the rock cycle uses water run-off. ... Microsoft Encarta Encyclopedia 2000 - Water Cycle, Rock Cycle 2. Compton's 99 Encyclopedia - Water Cycle, Rock Cycle 3. ...
In the first proposal, the plan focuses on the reducing of the expenses to in public transportation and the implement of cycling infrastructures that aims to improve the affordability and sustainability. ... In addition to increasing public transit affordability, the practicing of cycling infrastructure is also considered not practical and operative. In spite of the fact that cycling infrastructure is environmentally friendly, it is not effective to practice it for long-distance trips because it could be time-consuming. ... Given the fact above, investing in cycling infrastructure could be a ...
In this term paper, I have compared Rankine cycle with Carnot cycle, I have given the idea of the application of Rankine cycle in steam power plants and the methods to increase the efficiency of the Rankine cycle. ... RANKINE CYCLE The Rankine cycle is common cycle used in all steam power plants. In Rankine cycle, the working fluid undergoes a change of phase during the cycle. ... The simple Rankine cycle is the common cycle used in all steam power plants. ... Such modification in Carnot Cycle will result Rankine Cycle as shown in fig.3. ...
