The Influence of the Economy on Businesses
9 important questions on The Influence of the Economy on Businesses
What are the benefits and limitations of socialism?
limitations: few incentives for businesspeople tot are risks, brain drain (some of a country's best and brightest workers move to capitalistic countries), fewer inventions/innovations, high taxes.
What's the difference between free-market economies and command economies?
What are mixed economies?
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What led to the emergence of socialism?
What are the three indicators of economic conditions?
2. Unemployment rate: over 16, unemployed, tried to find job within the last 4 weeks.
3. Prince indexes; helps to measure the health of the economy.
What are the 4 types of unemployment?
2. Seasonal (demand varies over year)
3. Structural (longer period, no job prospects)
4. Cyclical (recession)
What does productivity in the service sector mean?
What are business cycles + name 4 terms
1. economic boom
2. recession; 2 or more consecutive quarters of decline in the GDP
3. depression; severe recession, accompanied by deflation
4. recovery
What is monetary policy?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
