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What is it called when there is a decline in spending and businesses cut back on production and lay off workers?
Wiki User
∙ 12y ago
A downturn or recession.
Wiki User
∙ 12y ago
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What is contraction that occurs when there is a decline in spending and businesses cut back on production and lay off workers?
recession
What is a contraction that occurs when there is a decline in spending and a cut back on production and lay off workers?
recession
What is a contraction that occurs when there is a decline in spending and business cut back on production and lay off workers?
recession
Which of the following is necessary for workers and organizing production?
Businesses
What is necessary for hiring workers and organizing production?
A. Businesses
Which of the following is necessary for hiring workers and organizing production?
Businesses
What are the negative influence of industrial action on the standard of living of workers?
the negative influence of industrial action on the standard of living of workers is that it will decrease there spending power causing them to consume less resulting in a decline in there standard of living
What is downsizing strategy and its effects on businesses?
A downsizing strategy refers to reducing the general production of a business. This will have negative effects on businesses profits are also reduced and workers also lose their jobs.
What is diminishing marginal productivity?
What it comes down to is too many workers, not enough resources for them all to use at the same time to be productive, thus resulting in the decline of production.
What is it called when banks lend money to businesses?
Workers and Businesses
What is the difference between workers and owners. (Consider where each lived.)?
Workers are individuals who sell their labor in exchange for wages, while owners are individuals who own and control the means of production, such as factories or businesses. Workers typically live in urban areas where job opportunities are more abundant, while owners often live in more affluent neighborhoods or regions where their businesses are located.
What did Kennedy to to help curtail rising unemployment and inflation and stimulate economic growth?
Asked businesses to limit prices and workers to accept fewer pay raises.
