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What is the word that describes a severe downturn in the level of economic activity?
The Present
The term that describes a modest downturn in the level of economic activity is?
recession A+ Class
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
What does undesirable?
It is a euphemism for people found 'objectionable' in some way, often individuals or groups at a lower socio-economic level: unemployed, lower income, higher incidence of criminal activity.
What are examples of the first level of economic activity?
puting things together on earth eg farming.fishing.minimg.
What are the four levels of economic activity and give two examples of each level?
The four types of economic activity, and some examples of each, are listed below.1) Primary Activity - This is the extractive sector of an economy, such as mining or agriculture. It is in this activity that workers come into direct contact with the environment. It is often considered the most basic level of economic activity.2) Secondary Activity - This is the activity that involves the manufacture of raw materials into finished industrial products. A canning factory or lumber yard are examples.3) Tertiary Activity - This is service-based economic activity. This includes areas such as education, retail, finance, and government work.4) Quaternary Activity - This involves the collection and manipulation of information. This is the most recent form of economic activity, and it is based on the development of technology.
What does undesireable mean?
It is a euphemism for people found 'objectionable' in some way, often individuals or groups at a lower socio-economic level: unemployed, lower income, higher incidence of criminal activity.
An ecosystem can be characterized as?
Healthy ecosystems can also be characterized in economic, social, and humanhealth terms. Healthy ecosystems support a certain level of economic activity
What is the name of the flow that measures the general level of economic activity in a countries economy?
Gross domestic product or GDP.
What are the trade partners of china?
China trades with everybody. They have a huge level of international economic activity.
How would you define the business cycle.?
A business cycle refers to the ups and downs of the general level of economic activity for a country.
How does fishing help in economic growth?
Fishing is ,however, a primary activity but it does a lot in economic growth by raising the GDP level . Thus it contributes to national income and eventually per capita income.
