During recovery stage of a business cycle, modern iinnovative measures will help reducing production cost to be able to compete in the highly competitive scenario. Apart from mismanagement, in many cases,business of a particular sector become uneconomic and gradually goes into liquidation. Take for instance of Jute in South East Asia. Use of gunny bags are gradully become obsolete giving place to synthetic bags mainly for durability,wastage etc. It's only through innovative measures like upgrading old machineries, exploration of market for jute goods etc. can the ailing jute sector can be revitalized and stand to compete against plastic bags.
Trough
Recovery
A boom.
recovery
four phrases of buisness cycle recession,recovery,expension,boom
Recovery
Recovery is another term for expansion in the business cycle.
A boom.
Recovery
Recovery
A boom.
recovery
The GDP will grow.
mostly it varies but one usual length of business cycle is recession,fiscal recovery,growth and decline.when business go through all these its business cycle complete
Expansion, Recession, Trough, Recovery
four phrases of buisness cycle recession,recovery,expension,boom
There are many causes for the business cycle in south Africa. One of the causes for this business cycle is the need for income.
Recovery