how can business cycle help the economy

How can the business cycle help the economy?

In the process to know how can business cycle help the economy, Business cycles are the “ups and downs” in economic activity characterized by periods of growth and periods of contraction. During expansions, the economy, as measured by measures like employment, output, and sales, is growing in real terms, after the impacts of inflation are […]

Ethical Workplace Policies

How to Implement Ethical Workplace Policies?

If you have an ethical workplace, it is one where the people you work with and interact with are aware of ethical business practices. It is also important that your company maintains a reputation for doing business ethically, especially if you intend to expand your business. Important consideration: This is an important consideration because people […]

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 […]

Ethics and Business in Your Organization

Ethics and Business in Your Organization

The difference between business ethics and personal ethics is that business ethics typically includes all perceived moral standards. While personal ethics only pertain to a particular person. Additionally, personal ethics can vary from person to person because there are various influences from their social experiences, culture, etc. For example, some cultures believe it is wrong […]

ethical dilemmas in business

Ethical Dilemmas in Business

There are many ethical dilemmas in business. This is a fact of life. No matter what your field of endeavour is, you will encounter ethical dilemmas. They come in conflict with other companies, ethical dilemmas in personal relationships, ethical dilemmas in the workplace, and ethical dilemmas in decision making. In every situation, there are several […]