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A shortage of nature resoures can lead to which phase in the business cycle?
Wiki User
∙ 9y ago
A shortage of Natural Resources leads to a contractionary phase in the business cycle. The business can produce fewer goods, which means that it might not be able to meet demand. When this happens, consumers may switch brands or find substitute goods.
Wiki User
∙ 9y ago
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A shortage of a natural resource can lead to which phase in the business cycle?
recession
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explain the role of needs in the business cycle
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A shortage of a natural resource can lead to which phase in the business cycle?
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What is the role of needs in business cycle?
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