Significant causes giving birth to business cycle
What are the significant causes of business cycle to give birth?
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Significant causes giving birth to business cycle may be summarized as given below:
• Seasonal fluctuations
• Under consumption or excessive saving
• Dealings of entrepreneurs
• Monetary disequilibrium
• Change in the volume of investment or decrease in the marginal efficiency of capital
• Lack of adjustment between demand and supply
• Innovation
• Expansion of loans and contraction of loans by banks.
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The demand for labor is less elastic when: (w) resource substitution is easy. (x) output demand is relatively inelastic. (y) wages are a huge percentage of total cost. (z) firms have more time to adjust to wage changes. Discover Q & A Leading Solution Library Avail More Than 1450372 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1940027 Asked 3,689 Active Tutors 1450372 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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