Depression - Phases of business cycle
Illustrates the term dispersion of phrases of business cycle?
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Depression:
Common demand falls faster than production. All producers are compelled to notice their goods at a price that will not even wrap the full cost. Producer’s goods and consumer’s goods both manufacturing are forced to reduce the volume of production. Since a result workers are thrown out. The residual workers are poorly paid. A demand for bank credit is at its lowest that results in idle funds. Also the interest rates decline .The firms which cannot pay off their debts are wound up. Shares and securities, prices are fall down.
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Illustrates the ways in managerial economics bridges between real business practices and traditional economic theory?
Help to achive the other objectives of the firm like industry leadership,expansion implementation of policies
Illustrates the factors affecting Demand Forecasting?
Explain the modern definition of economics?
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