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Classification of Economic Conditions

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BF10 - Principals of Business and Finance

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Classification of Economic Conditions

  1. 1. UNDERSTANDING BusinessIn a Global Economy https://flic.kr/p/bzSJhX
  2. 2. Part2: Classificationof Economic Conditions https://flic.kr/p/qKPCJ3
  3. 3. ProsperityEmployment rate and demand for products and services are high. https://flic.kr/p/nYS2oM
  4. 4. RecessionUnemployment rate is increasing and demand for products and services are lowering. https://flic.kr/p/ao7qT4
  5. 5. DepressionUnemployment rate is high and demand for products and services is lowering. https://flic.kr/p/5pePFx
  6. 6. RecoveryUnemployment rate is lowering and demand for products and services is increasing. https://flic.kr/p/7Ye6mU
  7. 7. Changing https://flic.kr/p/fVvhMT Conditions
  8. 8. InflationAn increase in the general level of prices. https://flic.kr/p/4Ecw43
  9. 9. DeflationAn decrease in the general level of prices. https://flic.kr/p/5RB6PJ
  10. 10. Consumer An decrease in the general level of prices. https://flic.kr/p/9VxzfR Price IndexA measure of the average change over time in the prices paid by consumers for consumer goods and services.
  11. 11. InterestRateThe cost of borrowing money. https://flic.kr/p/chEwR9
  • stevenmemel

    Aug. 5, 2019

BF10 - Principals of Business and Finance

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