During an expansionary period/phase, an economy grows. In a contractionary period/phase, an economy declines/retracts until it begins to grow again.
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.
I didnt get the awnser either so neither are you sorry have a good day love Kayla
Recession means the period of reduction in trade and commerce in the economy.
During an expansionary period/phase, an economy grows. In a contractionary period/phase, an economy declines/retracts until it begins to grow again.
The economy of China in the world war 1 period was that it was in a bad shape.
NNP = GNP-Depriciation it is the net out put in a economy during a period of time.
cao ni ma
a golden age
The price of economic goods fell during the time period from 1865 to 1896
The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.
During this time period China prospered by trade.
a golden age
None, or irrelevant. It was a horrible period when if they had anything they got killed or arrested to concentration camps.
The changes accompanying a shift from an agricultural economy to an industrial one.
transition.