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What is alternating periods of prosperity and decline called?
The business cycle
What is the opposite of prosperity?
Decline.
What effect did the prosperity of the 1920s have on labor unions?
Labor unions saw membership decline.
Why did Spanish power and prosperity decline?
The defeat of the Armada marked the beginning of the end of Spanish power. Throughout the 1600's Spain's strength and prosperity decreased. One reason for this decline Philip's successor ruled for less ably than he had. The English defeating the Spanish Armada was one contributing factor to the decline of Spanish power and prosperity. Costly wars and economic issues contributed mightily as well.
What did President Coolidge feel that the prosperity of all Americans was dependent on?
He felt that the prosperity of all Americans was dependent on the prosperity of business.
What is growth and decline?
growth is when a business has made many good improvements for the business to survive or the years decline is when the business is not good and the govern wants to get rid of it
What are the components of business cycle?
The components of the business cycle is Prosperity, Recession, and depression.
What caused the economic prosperity in northern Europe?
A lull in fighting between countries and by the decline of famine and the plague.
What does decline mean in business?
Lost
A decline in business activity that is not as severe as a depression is called?
A recession is a decline in business activity that is not as severe as a depression. The economy will be determined to be in a recession if there has been a decline in the GDP for two consecutive quarters.
In short run does a decline in aggregat demand create a recession?
Yes and no, depending on the situation. If an economy is doing very well, a decline in aggregate demand is a GOOD thing, as it helps keep inflation at bay. If an economy is doing sub-par or even average, a decline in demand can lead to a decline in business activity and consumer spending, which can lead to a recession.
What is business discipline?
Business discipline is the ability to make choices that will help grow the business over the long term, rather than to take advantage of the short term. If there is a huge decline of revenue, the temptation is to reduce all spend. to protect the short term. Making investment into business discipline will create improved process and people that will secure dividends well into the future.
