economic change variables‚ such as current national unemployment rates‚ consumer confidence‚ capacity utilization‚ spending levels and business profits must be taken into account when defining a recession and its attributes. Therefore‚ recession can be seen as a general slowdown in economic activity in a country over a sustained period of time‚ or a business cycle contraction (which normally follows an economic boom). Raging from “The panic of 1797” (the first US recession‚ caused by the deflating
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In economics‚ a recession is a business cycle contraction‚ a general slowdown in economic activity. Macroeconomic indicators such as GDP‚ employment‚ investment spending‚ capacity utilization‚ household income‚ business profits‚ and inflation fall‚ while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events‚ such as a financial crisis‚ an external trade shock‚ an adverse supply
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known as The Great Depression‚ which was a time were many Americans were unemployed‚ homeless‚ and even starving to death. Consequently‚ these events were deprived from phenomenons during the 1920s like the stock market crash‚ over production‚ and business failures. One of the first causes of the Great Depression was the stock market crash. It began on October 24‚ 1929‚ also known as Black Tuesday ‚ and was the most devastating stock market crash in the history of the United States. The stock market
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uestions in Viva I. Significance of the Study A. Indicate Type of Research & how your research will refine‚ revise‚ or extend existing knowledge in the area under investigation. II. Statement of the Problem A. “The problem statement describes the context for the study and it also identifies the general analysis approach” III. Purpose of the Study - Abstract - Conclusion A. “The purpose statement should provide a specific and accurate synopsis of the overall purpose of the study IV. Review
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Author Instructor Course Date The Economic Recession of 2007 to 2009 Recessions are a normal part of the business cycle‚ which constitutes of recurring expansion and contraction of the overall economic cycle associated with changes in employment‚ income‚ prices‚ sales and profits. A business cycle consists of four phases‚ which include peak‚ recession‚ trough‚ and expansion. Once an economy reaches the peak‚ which is the maximum point of economic growth‚ it contracts and initiates a period of
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Political‚ Economical‚ Social and Technological. P.E.S.T analysis scans the impact of each of the factors on the business. The results can be used to take advantage of opportunities and to make contingency plans for threats when preparing business and strategic plans (Byars‚ 1991). The use of P.E.S.T. analysis can be seen effective for business and strategic planning‚ marketing planning‚ business and product development and research reports. P.E.S.T analysis identifies the Political‚ Economic‚ Social
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PRODUCT LIFE CYCLE A company¶s differentiating and positioning strategy must change as the product‚ market‚ and competitors change over time. For that it is important to understand the concept of product life cycle and the changes that are normally made as the product passes through each stage ot the life cycle. THE CONCEPT OF THE PRODUCT LIFE CYCLE 1. Products have limited life. 2. Products sales pass through distinct stages‚ each posing different challenges‚ opportunities and problems to the
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BUSINESS STRATEGIES AND PERFORMANCE DURING DIFFICULT ECONOMIC CONDITIONS For the Department of Business Innovation and Skills (BIS) John Kitching Robert Blackburn David Smallbone Small Business Research Centre‚ Kingston University Sarah Dixon School of Management‚ Bath University June 2009 URN 09/1031 Contents EXECUTIVE SUMMARY i 1. INTRODUCTION‚ RESEARCH OBJECTIVES AND METHODS 1 2. RESEARCH CONTEXT 1 2.1 Defining Difficult
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considered to be a big part of the natural rate of unemployment. Although‚ it is thought of as a voluntary leave it can also be‚ because of layoff or termination with cause. Often employers have a hard time to find qualified candidates. In the business cycle‚ workers feel more confident to quit their job‚ and in search of better one‚ thus increasing frictional unemployment. I believe we need to change the type of statistics used in the media to measure the health of the labor market. By replacing
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Civics Chapter 20 Vocabulary Subhan Shahid 3rd Hour 1. Business cycle- a recurrent fluctuation in the total business of a county. 2. Expansion- anything spread out; expanse. 3. Inflation- a persistent rise in the general level of prices related to an increase in the volume of money. 4. Costs of production- cost related to making or acquiring goods and services that directly generate revenue for a firm. 5. Peak- the maximum point‚ degree‚ or volume of anything. 6. Contraction-
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