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What are key economic variables that economists use to predict a new phase of a business cycle referred to as?
They are called leading indicators. Things such as a drop in sales or foot traffic are all considered leading indicators.
What is the business cycle?
A recurring cycle of booms and busts, recoveries and recessions
What is an individual's location in the economic sphere referred to as?
Social class is an individual's location in the economic sphere.
Why is economics sometimes referred to as the dismal science?
This a nickname given to it by economist Carlyle in the 19th century. He used it as he referred to an earlier economist, Malthus, whose economic models shoed that the food supply would not keep up with population growth. This would of course cause a huge disaster. As such was possible so it seemed to many other economists the tag of dismal was attached to the study and workings of economics. Mathus was proved wrong.
Fluctuations in a nation's economy are referred to as its?
a business cycle
What are key economic variables that economists use to predict a new phase of a business cycle referred to as?
They are called leading indicators. Things such as a drop in sales or foot traffic are all considered leading indicators.
What are key economic variables that economist use to predict a new phase of a business cycle referred to as?
They are called leading indicators. Things such as a drop in sales or foot traffic are all considered leading indicators.
An economic condition where government does not regulate of interfere with business?
This is referred to as laissez-faire economics.
What is the business cycle?
A recurring cycle of booms and busts, recoveries and recessions
International business is frequently referred to as world?
International business is frequently referred to as?
What is a period of temporary business reduction shorter and less extreme depression call?
A period of temporary business reduction shorter and less extreme than a depression is commonly referred to as an economic recession.
What is alternating periods of growth and decline?
It's the concept of alternating periods of economic expansion (growth) and contraction (decline) in an economy. These cycles are often referred to as the business cycle and can impact various economic indicators such as employment, inflation, and GDP. Understanding these cycles is crucial for policymakers and businesses to make informed decisions.
What is an individual's location in the economic sphere referred to as?
Social class is an individual's location in the economic sphere.
Are business offices sometimes referred to as mobile offices?
business offices
What is it called when you do a business in several countries?
When a business operates in several countries, it is referred to as "international business" or "global business." This approach allows companies to expand their market reach, diversify their operations, and leverage different economic conditions. Engaging in international business often involves dealing with various legal, cultural, and logistical challenges across different regions.
Debts owed by a business are referred to as?
Debt held by businesses is called Business debt.Liabilities of the business.
What is a severe contraction in the business cycle known as?
A severe contraction in the business cycle is known as a recession. During a recession, economic activity and growth slow down, leading to a decline in employment, income, and overall economic output. recessions can have a significant impact on businesses, individuals, and the overall economy.
