Business Studies - 0450 CIE

Business Cycle:

Gbogbo ọrọ náà

Economies do not grow in a smooth straight line; they rise and fall in waves of boom and bust. One year shops are packed and firms cannot hire fast enough; a few years later orders dry up and businesses are closing. This rhythm is the business cycle, and no business escapes its pull.

In this lesson you will learn the four stages of the business cycle and how changes in employment, inflation and Gross Domestic Product affect businesses at each stage. You will be able to read where an economy is in the cycle and explain how a firm should respond.

Ebumnobi

  1. Main stages of the business cycle, e.g. growth, boom, recession, slump
  2. Impact on businesses of changes in employment levels, inflation and Gross Domestic Product (GDP)

Nkuzi Olu

Gee ntị na nkuzi a na ngwa

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Kaadị ncheta

Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.

Mee omume kaadị ndị a na ngwa

Akwụkwọ Ọmụmụ

The state of the wider economy is one of the biggest external influences on a business, and it is outside the firm's control. Examiners test whether you know the stages of the cycle and can explain how rising or falling employment, inflation and GDP affect a firm. Reading the cycle lets you analyse a business's situation realistically.

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Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.

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Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Business Cycle:. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. The peak stage of the business cycle, with very high activity, is the: A. recession B. slump C. boom D. recovery Answer: C
  2. During a recession, you would expect: A. rising GDP and falling unemployment B. falling GDP and rising unemployment C. rising GDP and rising employment D. no change in either Answer: B
  3. GDP measures the: A. profit of one business B. total value of goods and services produced in a country in a year C. level of prices D. number of unemployed people Answer: B
  4. Which type of business is usually hit hardest in a recession? A. a seller of basic food B. a discount shop C. a seller of luxury holidays D. a budget supermarket Answer: C
  5. Inflation is best described as: A. a fall in production B. a sustained rise in the general level of prices C. rising unemployment D. falling GDP Answer: B

Rue ajuju ndi a n'ime ngwa ahu

Rue ajuju ndi a n'ime ngwa ahu

Meecha Ajụjụ Ule Ọmarịcha

Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Business Cycle:? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.

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