Significant causes giving birth to business cycle
What are the significant causes of business cycle to give birth?
Expert
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 costs of investing within human capital are probably to be borne by the employee when human capital a worker obtains “on the job” is: (1) general. (2) marginal. (3) precise. (4) generic. (5) specific. Q : Concavity in production possibilities Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra
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