Economics

Economics2006EconomicsUnemployment is the enforced idleness of wage earners who are able and will to work but cannot find billets (Unemployment , 2004 . There are versatile causes of unemployment . When crossing Motors terminate some of its workers after it closes several of its uniting American plants referable to severe decline in Ford car sales , cyclical unemployment occurs , which happens when the tune cycle turns descending(prenominal) resulting to a general lack of demand for labor (Unemployment , 2004 . frictional unemployment happens when employees are laid-off from a bankrupt software program community that could not survive the fierce competition from other software firms The terminated employees will now look for another job , which may take time and is dependent upon the demand and supplying of labor . Seasonal unemployment occurs when industries have lean periods , such as when one hundred farm workers lost their jobs when the harvesting age ended Lastly , structural unemployment refers to the imbalances that may happen when the complex body part of an industry changes (Unemployment , 2004 Structural unemployment takes place when several hundred material workers lost their job when the textile plant where they work go from East Coast to the South and OverseasThe line of work cycle (Appendix 1 ) has four components namely : maturation contraction , recovery , and blowup . Maturation refers to the time when business profits increase due to increased production and employment During the contraction stage of the business cycle , production employment , and business profits entirely fall (Business cycle , 2004 .

The recovery stage refers to the revival of the business after the contraction stage . The expansion stage happens when at that place is continuous revival of the business due to good economic condition . Even though economic activities vary , long growth is possible as long as thither is political stability , monetary , and fiscal policy . conduct economic indicator is a variable that tends to show the flush of future economic activity (Q A about the saving , 2004 . Examples of leading economic indicator include Gross internal Product , stock price industrial production , ostentatiousness , and the relationship between supply and demandBibliographyBusiness cycle (2004 . Retrieved from : Microsoft Encarta Reference LibraryQ A about the economy (2004 . Retrieved from : Microsoft Encarta Reference LibraryUnemployment (2004 . Retrieved from : Microsoft Encarta Reference LibraryAppendix 1 PAGEPAGE 3ECONOMICS Page...If you desire to get a full essay, order it on our website: Ordercustompaper.com

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