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Introduction to Economics 2
INTRODUCTION TO ECONOMICS II (İKTİSADA GİRİŞ II) - (İNGİLİZCE) Dersi Basic Concepts and National Income Accounting soru cevapları
INTRODUCTION TO ECONOMICS II (İKTİSADA GİRİŞ II) - (İNGİLİZCE) Dersi Basic Concepts and National Income Accounting soru detayı:
SORU:
What is business cycle?
CEVAP:
As it means a general improvement for a country’s wealth, economies are desired to grow as much as possible. However, all countries face with short term performance fluctuations in the economy instead of realizing steady and rapid growth rates. In other
words, while production capacity rises sometimes, at other times it decreases. These fluctuations in the form of rises and decreases in production are known as business cycle.