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explain the role of needs in the business cycle

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What causes the fluctuations in the business cycle?

Customer's needs change during business cycles, which cause demand for products to shift. Managers must recognize these changes and plan accordingly.


What are the components of business cycle?

The components of the business cycle is Prosperity, Recession, and depression.


What role does technology play in driving economic fluctuations according to real business cycle models?

Real business cycle models suggest that technology plays a significant role in driving economic fluctuations. Technological advancements can lead to changes in productivity levels, which in turn affect business cycles by influencing investment, consumption, and overall economic growth. This means that fluctuations in technology can have a direct impact on the overall health of the economy.


What phase of the business cycle is the Pakistan in?

According to Muhammad Farooq Arby from State Bank of Pakistan, Pakistan has completed two business cycles since independence. First from 1949 to 1969. Second from 1969 to 1991. The third cycle has started in 1991. His research measures a business cycle starting from a peak, which should suggest that a third cycle expectedly should end in year 2004-5. He has analyzed data till 2001, further analysis needs to be done on real GDP for years beyond. I believe Pakistan in year 2010 should be in the fourth business cycle


What is political business cycle?

A business cycle caused when incumbent politicians try to manipulate the economy to increase their chances of reelection.

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What role does a customer have during the project life cycle in business?

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What is the role of the Business Analyst in the software testing life cycle?

Well, honey, the Business Analyst in the software testing life cycle is like the detective of the team. They gather requirements, analyze them, and make sure the testing process aligns with what the business needs. Think of them as the bridge between the business side and the testing team, making sure everyone's on the same page and delivering a product that actually works.


What causes the fluctuations in the business cycle?

Customer's needs change during business cycles, which cause demand for products to shift. Managers must recognize these changes and plan accordingly.


What are the components of business cycle?

The components of the business cycle is Prosperity, Recession, and depression.


Business cycle of the Philippines since 1946 to 2008?

what is definition of business cycle in the phillipines


What is the usual length of a business cycle?

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


In business cycle what is a boom?

business is good


A In a business cycle what is a boom?

business is good


What is another term for expansion in the business cycle?

Recovery is another term for expansion in the business cycle.


What role does technology play in driving economic fluctuations according to real business cycle models?

Real business cycle models suggest that technology plays a significant role in driving economic fluctuations. Technological advancements can lead to changes in productivity levels, which in turn affect business cycles by influencing investment, consumption, and overall economic growth. This means that fluctuations in technology can have a direct impact on the overall health of the economy.


What does the ocean role in the water cycle?

Oceans have important role. It is a part of water cycle.


What is mans role in the water cycle?

Man has no role in the water cycle. Neither can the duplicate it.