Lesson Plan

BUSSINESS CYCLE

The term business cycle (or economic cycle) refers to economy-wide fluctuations in production, trade and economic activity in general over several months or years in an economy organized on free-enterprise principles.[1] These fluctuations occur around a long-term growth trend, and typically involve shifts over time between periods of relatively rapid economic growth (an expansion or boom), and periods of relative stagnation or decline (a contraction or recession).
Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern.

A predictable long-term pattern of alternating periods of economic growth (recovery) and decline (recession), characterized by changing employment industrial productivity, and interest rates. also called economic cycle.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables. A business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. Economists note, however, that complete business cycles vary in length. The duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. Some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. But the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.
The Business Cycle is a term used in economics to designate changes in the economy. Ever since the Industrial Revolution, the level of business activity in industrialised capitalist countries has veered from high to low, taking the economy with it.
• LACK OF SKILLS
The act of not being able to do something
Lack of skill or abilityto do something correctly or well
A lack of confidence that makes someone feel they are not good enough to deal with the particular situation or with life in general
• Un-qualification
Lacking the proper or required qualifications
Not modified by conditions or reservations; absolute Not meeting the proper standards and requirements and training Having no right or entitlement; "a distinction to which he was unentitled"
• Attitude Problem a frame of mind perceived by others to be hostile or uncooperative
Employee attitude problems have a very negative impact on the work environment as well as your company's bottom line.
• FINANCIAL PROBLEM
A risk factor related to the family's inability to provide sufficient financial resources to meet minimum needs
• INTERNAL MIGRATION
The temporary or permanent relocation of population inside the boundaries of a nation-state.

International migration occurs when peoples cross state boundaries and stay in the host state for some minimum length of time.[1]Migration occurs for many reasons. Many people leave their home countries in order to look for economic opportunities in another country. Others migrate to be with family members who have migrated or because of political conditions in their countries. Education is another reason for international migration, as students pursue their studies abroad.[2] While there are several different potential systems for categorizing international migrants, one system organizes them into nine groups: temporary labour migrants; irregular, illegal, orundocumented migrants; highly skilled and business migrants; refugees; asylum seekers; forced migration; family members; return migrants; and long-term, low-skilled migrants.[3] These migrants can also be divided into two large groups, permanent and temporary. Permanent migrants intend to establish their permanent residence in a new country and possibly obtain that country’s citizenship. Temporary migrants intend only to stay for a limited periods of time; perhaps until the end of a particular program of study or for the duration of a their work contract or a certain work season.[4] Both types of migrants have a significant effect on the economies and societies of the chosen destination country and the country of origin.[5]
Similarly, the countries which receive these migrants are often grouped into four categories: traditional settlement countries, European countries which encouraged labour migration after World War II, European countries which receive a significant portion of their immigrant populations from their former colonies, and countries which formerly were points of emigration but have recently emerged as immigrant destinations.[6]

• EDUCATION AND TRAINING
Training is usually considered as a contrastive concept to education, if not as its polar extreme. A classical although not consensual definition of education is adopted by Unesco: "the organized and sustained instruction designed to communicate a combination of knowledge, skills and understanding valuable for all activities of life". Training, on the other hand, is most usually associated with the world of work (Ollagnier, 2005). Training can be defined as "the procedure whereby knowledge is transmitted with an instrumental and operational vision of the learning process and of its expected results" or as "a planned and systematic sequence of instruction under supervision, designed to impart skills, knowledge, information and attitudes" (Jarvis, 1999). However, training has itself a vast array of meanings. Traditionally it has been associated with apprenticeship (Winch and Clarke, 2008). Nowadays its meanings stand from teaching someone how to perform relatively simple tasks to preparing someone for new job challenges, but some commentators consider that "the differences between education and training have always been exaggerated and the most reputable training programs are education as much as training" (Moura Castro and Oliveira, 1994).

In impact assessment (IA) a common meaning of training is the transmittal of information, knowledge, and sometimes skills on the purpose, legal requirements, procedures, approaches and tools relative to the process of identifying the future consequences of a current or proposed action. Training activities are normally aimed at professionals or practitioners. Education, by contrast, aims at instructing graduate or postgraduate students, usually in fields such as environmental science or engineering, environmental or regional planning, geography, social and biological sciences, among others, on the same evaluative process.

As impact assessment involves the use of independent and informed judgement, both education and training are necessary to develop the necessary formal and soft skills for its practice. Continuing education is a term normally used to designate the understanding that in the contemporary world, higher education is not enough to ensure the acquisition of skills to a professional life.
• RATE OF INFLATION
The rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis
"Inflation rate" is a term used in economics which refers to the rise in prices of goods or services over a given time period; as prices rise, the value of the goods or service diminishes.