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5 June, 15:41

Briefly explain how economic cycles affect job opportunities.

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  1. 5 June, 18:44
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    An economic cycle or business cycle refers to the economic oscillation among intervals of enlargement (growth) and contracture (recession). The present stage of the business cycle can be determined by factors like those of gross domestic product (GDP), investment rates, total job opportunities and household spending.

    When the economy goes in expansion phase the demand for the goods rises due to more money in the hands of consumers leading to more supply which further leads to more job opportunities and vice - versa in case of recession.
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