Trade cycle are periods of expansion and contraction of economic activity. In advertising, businesses tend have higher promotion budgets during boom periods.
Posts tagged as “economic recession”
This article introduces the concept of Production Possibility Frontier (PPF) as well as shows the Production Possibility Frontier (PPF) diagrams.
Unemployment exists when people who are willing and able to work cannot find a job. Specifically, there are seven different types of unemployment.
With the demand for necessities and luxury products falling during economic recession, it is important for managers to consider ways to reduce business costs.
An economic recession has serious consequences for most businesses and the whole economy. A recession is a period of six months or more of declining GDP.