The Business Cycle by Mackenzie Shaw https://padlet.com/13mshaw/ycbtdd9yffm5 How a business progresses. en-us 2017-11-27 14:23:08 UTC 2017-12-03 13:22:40 UTC hello@padlet.com The Business Cycle 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210414397 Refers to the variation in the level of economic activity over time. Businesses are affected by the business cycle in different ways.]]> 2017-11-27 14:31:06 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210414397 Economic activity 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210416649 The amount of buying and selling that takes place between businesses and consumers in a period of time. If it rises, it is known as economic growth.]]> 2017-11-27 14:34:28 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210416649 Recovery/ upturn 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210420830 Economic activity begins to rise. ]]> 2017-11-27 14:40:38 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210420830 Boom 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210422049 Strong increase in economic activity. ]]> 2017-11-27 14:42:17 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210422049 Slowdown/ downturn 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210423069 Economic activity begins to slow down. ]]> 2017-11-27 14:43:43 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210423069 Recession 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210424858 When economic growth is negative (less than the period before). ]]> 2017-11-27 14:45:45 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210424858 The Business Cycle 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210426337 2017-11-27 14:47:54 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210426337 In a boom 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210426705 The government may take action in a boom, such as raising interest rates to control spending and price rises
- Consumer and business confidence is high. 
-Consumers borrow and spend more. 
-Sales increase.
- Businesses take on more employees.
- Businesses invest and expand.

]]> 2017-11-27 14:48:29 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210426705 In a downturn or recession 13mshaw https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210427963 In a downturn it may cut interest rates to reduce costs and encourage spending. 
-Consumer and business confidence is low.
-Consumers borrow and spend less, preferring to save. 
-Sales fall. Prices may have to be cut. 
-Businesses may make some employees redundant.
-Businesses save and cut back on spending. 
-Businesses are more likely to experience cash-flow issues. ]]> 2017-11-27 14:50:20 UTC https://padlet.com/13mshaw/ycbtdd9yffm5/wish/210427963