answersLogoWhite

0


Best Answer

This is due to the fact that the factors of an economic boom are increased confidence in consumer spending and an inflation rise, which meant it was for profitable running a business. In a common scheme, a boom means that there are no events that will have a negative impact on the market, and ultimately reduce the business closures in that period.

User Avatar

Anonymous

Lvl 1
4y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why does the number of business closures decrease during a economic boom?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Did bank closures increase or decrease between 1929 and 1932?

Bank closures increased significantly between 1929 and 1932. The Great Depression led to widespread economic downturn, causing many banks to fail due to a combination of factors such as a halt in industrial production, stock market crash, and panic among depositors. This resulted in a wave of bank closures and economic instability during that period.


Did bank closures increase or decrease between 1920 and 1932?

Bank closures increased between 1920 and 1932 due to a combination of factors including economic hardships from World War I, the stock market crash of 1929, and the Great Depression. These events led to a wave of bank failures, impacting the stability of the banking sector during that period.


What was not an aspect of the U.S. economic expansion during the 1800?

A decrease use of steamships (apex)


What was not an aspect of the U.S economic expansion during the 1800s?

A decrease use of steamships (apex)


What was not an aspect of U.S. economic expansion during the 1800?

A decrease use of steamships (apex)


What was not an aspect of U.S economic expansion during the 1800s?

A decrease use of steamships (apex)


What was not an aspect of U.S. economic expansion during 1800s?

A decrease use of steamships (apex)


What happened to economy during stagflation?

Higher rates of inflation, decrease in business productivity, high unemployment


Which BEST describes the presidential leadership in economic matters during the 1920s?

Presidents were actively "pro business".


Which best describes the presidential leadership in economic matters during the 1920?

Presidents were actively "pro-business."


Which of the following is an example of an author and you question about the announcement?

how easy is it to study at home during school closures


Which best describes the presidential leadership in economic matters during the 1920's?

Presidents were actively "pro-business."