phases of the business cycle

What are the phases of the business cycle?

As an economy grows and shrinks, it helps to explain the growth and contraction in economic activity that it undergoes throughout time. An economy has completed a business cycle when it has gone through a single expansion followed by a single recession in succession. The duration of the business cycle or phases of business cycle […]

Ethics and corporate social responsibility

Ethics and Corporate Social Responsibility

You can apply, Ethics and corporate social responsibility in many different ways. There are also four general and specific ways businesses can join both their efforts towards ethical business practices and towards social responsibility on the same page. They include Corporate giving, Ethical philanthropy. Corporate giving: Corporate giving is a means to an end. Its […]

Business Cycle

Business Cycle in 2021

People who did not identify the condition of the economic cycle did not get out of the stock market before the Great Recession struck and thus contributed to the Great Recession. They were also concerned about re-entering the stock market at the start of an expansion cycle, which worsened the situation. That is the most […]

Balance of Payment

Business Ethics and its Importance

During any given time, the Balance of Payment is a statement that details all of the monetary transactions that have taken place between inhabitants of a particular country. A transaction statement contains all of the transactions made by and to people, corporations, and the government, and it is used to track the flow of money […]