Explain the term business cycle in brief
Explain the term business cycle in brief.
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The period of business prosperity alternate along with period of depression. The era of business prosperity consists of within itself the seed of the coming period of depression. One time depression reached the by, recovery starts and rapidly grows in boom or prosperity. On the peak of the boom recession grips the economy that soon slides in depression. To be exact, there are four phase’s are as: boom recession, recovery and depression.
The Business cycles affect business decision. The cycles influence not only the economy within general, but each particularly business firm. The era of prosperity promotes business. It gives new investment opportunities. Similarly, a period of depression slackens business. A manager who is all the time confronted along with the problem of forward planning takes in consideration the phase of the business cycle. It helps to take benefit of the chance ahead or to decrease the chance of heavy losses to the firm.
States the term Demand Analysis?
The demand for a resource would increase while the: (w) price of which resource decreases. (x) price of a substitute resource decreases. (y) consumer demand for products decreases. (z) price of a complementary resource decreases.
Illustrates about the Barometric techniques?
I have a problem on perfectly price elastic supply curve that is given below: A perfectly price elastic supply curve is: (w) vertical. (x) horizontal. (y) positively sloped. (z) negatively sloped. Q : Negatively sloped over wage ranges The The supply curve of the labor is negatively sloped over wage ranges where the: (1) the demand for leisure rises along with income. (2) leisure is an inferior good. (3) people offer more hours of labor at higher wages. (4) some people
The supply curve of the labor is negatively sloped over wage ranges where the: (1) the demand for leisure rises along with income. (2) leisure is an inferior good. (3) people offer more hours of labor at higher wages. (4) some people
Demands for resources are derived since they: (1) depend upon producers supplies of such resources. (2) depend on consumers demands for the goods the resources produce. (3) rely on the availability of suppliers. (4) rely on the industry’s demand
Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?
Assume that male nurses are paid more than female nurses for same work. When an “equal pay for equal work” law is enforced and enacted, it may: (w) decrease the wages of male nurses. (x) not influence the wages of female nurses. (y) increa
States the Wealth Definition in economics?
Illustrates the Income Elasticity of Demand?
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