Trade Cycle

Schlagwörter:
Referat, Hausaufgabe, Trade Cycle
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Referat
TRADE CYCLE Everyday we read in newspapers, that the unemployment in Austria increases or falls, that the government has to do Sparpakete because they can not afford so much social costs anymore. In a TRADE CYCLE you can see how well the economy is. As you see in the graph the trade cycle begins with revival, recovery and expansion of a depression time period, where the economie wasn t so well. The business activities start to increase, people find jobs and therefore the number of unemployed people drops, and entrepreneurs start to invest. This will go on until a boom is reached which is the highest level that can be aimed. People are satisfied with their job because salaries and wages are high and they can afford more products. Therefore the capacity of production is raised to fulfil ...

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1188
Art:
Referat
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Deutsch
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