BUS 201 Lecture Notes - Lecture 2: Qr Code, Advantageous, Online Banking
17 Nov 2014
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Bus 201: introduction to business - lecture 2: ch. Low-cost interest companies like dollarama and costco have seen profit increase throughout. We determine the growth of an economic system based on its aggregate output. When output grows more quickly than the population, two things usually follow: output per. An increase in aggregate output is economic growth. capita (the quantity of goods and services per person) goes up and the system provides more of the goods and services that people want. Growth and contraction pattern of short-term ups and downs in an economy. Recession is divided into two consecutive quarters but starts just after the peak of they. 4 phases: peak, recession, trough, and recovery business cycle and ends when the trough is reached. Depression occurs when the trough extends two or more years. Periods of expansion and contraction can vary from several months to years: gross domestic product and gross national product.
