Scribd Logo
Upload

Welcome to Scribd!

  • Businesses - Topic1.5.4 - How Do Business Cycles Affect Small Businesses - MK

    Uploaded by

    Gabby Fenwick
    16 views19 pages
    The document discusses the business cycle, which refers to the typical pattern of rises and falls in economic activity over time. It tends to fluctuate between periods of growth called booms and periods of decline called recessions. During booms, unemployment is low, consumer spending and share prices are high, and businesses selling luxuries do well. In contrast, during recessions, spending falls, unemployment rises, and businesses selling necessities tend to do better.

    Original Description:

    Original Title

    Businesses.Topic1.5.4_How Do Business Cycles Affect Small Businesses_MK

    Copyright

    © © All Rights Reserved

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses the business cycle, which refers to the typical pattern of rises and falls in economic activity over time. It tends to fluctuate between periods of growth called booms and periods of decline called recessions. During booms, unemployment is low, consumer spending and share prices are high, and businesses selling luxuries do well. In contrast, during recessions, spending falls, unemployment rises, and businesses selling necessities tend to do better.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    16 views19 pages

    Businesses - Topic1.5.4 - How Do Business Cycles Affect Small Businesses - MK

    Uploaded by

    Gabby Fenwick
    The document discusses the business cycle, which refers to the typical pattern of rises and falls in economic activity over time. It tends to fluctuate between periods of growth called booms and periods of decline called recessions. During booms, unemployment is low, consumer spending and share prices are high, and businesses selling luxuries do well. In contrast, during recessions, spending falls, unemployment rises, and businesses selling necessities tend to do better.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 19

    Unit 1

    Topic 1.5.4
     Must learn: understand what is the business
    cycle and what it consists of

     Should learn: that economic activity tends to


    rise and fall and the reasons for this

     Could learn: the effects on businesses when


    there are changes in economic activity
    Write what you think:-

    What is Economic
    Activity?
    Output
    of UK firms
    Boom Average Growth

    Actual Growth

    Boom

    Recession

    Time
    Task - Business and the state of the
    economy? Boom Recession

    Definition When there is a lot of When spending in


    spending in the economy the economy falls
    What happens to……

    unemployment?

    consumer spending?

    inflation (prices) ?

    share prices ?

    living standards?

    how people feel?

    Businesses which
    do well
    Task - Business and the state of the
    economy? Boom Recession

    Definition When there is a lot of When spending in the


    spending in the economy economy falls
    What happens to ……
    unemployment?
    …..consumer spending?

    ……inflation (prices) ?

    …..share prices ?

    …..living standards?

    …..how people feel?

    Businesses which Most. Businesses selling Businesses selling


    do well luxuries do well necessities do well
    Draw the Business Cycle
    and explain each stage of it
    in detail with examples.
    (5 Marks)

    You might also like