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CHINA  UNDER EMBARGO UNTIL 07.00 GMT, WEDNESDAY, 6 AUGUST 2014
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... produce goods and/or services at a lower opportunity cost than other firms 16. a political theory derived from Karl Marx 17. the level of employment rates where there is no cyclical or deficient-demand unemployment 18. an economic system where few restrictions are placed on business activities and o ...
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Help - London Centre for Corporate Governance and Ethics

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... was expected both in Sweden and abroad. Since then the world economy has been exposed to major shocks that have led the Riksbank, like other forecasters, to revise down the growth forecasts for the coming years. The financial crisis has proved to be more profound, more prolonged and to have more ram ...
< 1 ... 601 602 603 604 605 606 607 608 609 ... 619 >

Business cycle

The business cycle or economic cycle is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. These fluctuations typically involve shifts over time between periods of relatively rapid economic growth (expansions or booms), and periods of relative stagnation or decline (contractions or recessions).Used in the indefinite sense, a business cycle is a period of time containing a single boom and contraction in sequence.Business cycles are usually measured by considering the growth rate of real gross domestic product. Despite being termed cycles, these fluctuations in economic activity can prove unpredictable.A boom-and-bust cycle is one in which the expansions are rapid and the contractions are steep and severe.
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