Articles: 1,400 · Readers: 740,000 · Views: 2,209,961 Unemployment exists when people who are willing and able to work cannot find a job. Specifically, there are seven different types of unemployment.
Posts published in “THE ECONOMY”
Another important government economic objective is to keep low unemployment in the country to maintain and improve the country’s economic status.
An economic recession has serious consequences for most businesses and the whole economy. A recession is a period of six months or more of declining GDP.
The country’s economy usually does not grow at the steady and constant rate, but tends to grow at different rates over time which leads to The Business Cycle.
One of the most important government economic objectives is to maintain sustainable and high economic growth in the country.
All governments around the world have economic objectives for the nation’s economy to achieve by using specific economic policies.
It is common to compare businesses by their size. Many stakeholders of the business will be checking and measuring business size.
The majority of business organizations can be classified into four main areas according to their reasons for existence, by business objectives.
Let’s take a look now at the classification of businesses by the area where businesses operate - local, national and multinational.
There are millions of businesses around the world and all of them vary in size. It is useful to classify businesses according to their size.
Having public sector is important for a country. Every country needs well-managed public-sector enterprises to ensure continuous operations of the country.
Most of the countries in the world nowadays have mixed economies. These countries have both have private sector and public sector.
Another classification of businesses. Instead of looking at sectors of the economy, let's consider grouping various businesses based on the type of product.
The goods and services which enterprises produce can be used to classify all of the country's businesses into one of five different sectors of the economy.
Money is a generally accepted means of exchange. Money is essential for the smooth exchange of goods and services in markets between sellers and buyers.