The business cycle is composed of many phases and one of them is the expansion phase. This phase is a two-fold one, including recovery and prosperity.
During the recovery period there is an ever-growing expansion of existing equipment. And new facilities for production are created. More businesses are created and older ones expanded. Improvements of serious kinds are made. There is an ever increasingly positive view about the future of economic growth. Much capital is invested in machinery or "heavy" industry. More labor is employed. More raw materials are required.
As more parts of the economy develop, other parts are affected. For example, the expansion in automobiles results in an expansion of the steel and rubber industries. Roads are required; thus the cement and machinery industries are activated. Demand for labor and materials results in greater prosperity for workers and suppliers of raw materials. This increases the amount of goods bought and so
A. The increase of raw materials.
B. The growth stopping at a peak.
C. The further increase of labours.
D. The volume expansion of goods.
The business cycle is composed of many phases and one of them is the expansion phase. This phase is a two-fold one, including recovery and prosperity.
During the recovery period there is an ever-growing expansion of existing equipment. And new facilities for production are created. More businesses are created and older ones expanded. Improvements of serious kinds are made. There is an ever increasingly positive view about the future of economic growth. Much capital is invested in machinery or "heavy" industry. More labor is employed. More raw materials are required.
As more parts of the economy develop, other parts are affected. For example, the expansion in automobiles results in an expansion of the steel and rubber industries. Roads are required; thus the cement and machinery industries, are activated. Demand for labor and materials results in greater prosperity for workers and suppliers of raw materials. This increases the amount of goods bought and s
A. Development of Economy.
B. Recovery of Economy.
C. Expansion of Economy.
D. Prosperity of Economy.
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