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Which cause of poverty would explain why low-skilled workers are hired when the economy is expanding but are the first to be laid off when there is an economic downturn?
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What is global economic downturn?
When the globalized economy, the economy of all countries, are in negative growth.
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
What president is responsible for the downturn in the economy?
obama
Describe their economic conditions of New England?
The economic conditions of New England can be described as positive or sound. This is because the economy of New England is expanding.
How best to manage economic down turn?
Your question is a big one. Economic downturn is when the economy's demand is low, which leads to the relatively inactive economy. To manage this, the government will try to stimulate the economy directly (by increase government spending) or indirectly (through tax, regulations, policies) so the demand raise.
What is the Opposite of an economic recession?
Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)The opposite of an economic recession, is economic growth.Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
What is meant by economic recession?
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
What does the following quote mean Its aim was to put a stop to the economic downturn and help America recover from the effects of years of financial deprivation?
The New Deal was supposed to stop the failing economy and help America recover from years of economic troubles.
Which cause of poverty would explain why low-skilled workers are hired when the economy is expanding but are the first to be laid off when there is an economic?
lack of education :(
Why was Germany particularly susceptible to a downturn in the economy?
With Germany still being a rather large manufacturing power in the world, they began to have a serious lack of manufacturing orders. This made them particularly susceptible to a downturn in the economy.
What if your Business goes through an Economic Down turn?
An economic downturn is a phase of the business cycle in which the economy as a whole is indecline. This phase basically marks the end of the period of growth in the business cycle. Economic downturns are characterized by decreased levels of consumer purchases (especially of durable goods) and, subsequently, reduced levels of production by businesses. While economic downturns are admittedly difficult, and are formidable obstacles to small businesses that are trying to survive and grow, an economic downturn can open up opportunities. A well-managed company can realize the opportunity to gain market share by taking customers away from their competitors. Resourceful entrepreneurs capture the available opportunities, from an economic downturn, by developing alternate methods of doing business that were never implemented during a prior growth period. The challenge of successfully navigating your business through an economic downturn lies in the realignment of your business with current economic realities. Specifically, you, as the business owner, need to renew a focus on your core clients/customers, reduce your operating expenses, conserve cash, and manage more proactively, rather than reactively, is paramount. Here are best practices that will help you to successfully navigate your business through an economic downturn: Goals: The primary goal of any business owner is to survive the current economic downturn and to develop a leaner, more cost-effective and more efficient operation. The secondary goal is to grow the business even during this current economic downturn. Objectives: • Conserve cash. • Protect assets. • Reduce costs. • Improve efficiencies. • Grow customer base.
How has the economy affected recent Toyota sales?
Toyota has been affected by the economy. Just as the economy had a downturn so has sales from Toyota. Toyota's sales are reflective of the current economy.
