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6 Cards in this Set
- Front
- Back
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Factors affecting demand |
Population, demographics, employment and wage levels |
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What will influence an individual's spending decisions |
General trends in the economy |
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Business cycles |
Upward/downward fluctuations in business activity |
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4 stages of a business cycle |
Expansion, recession, depression, revival |
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Which business cycle takes longer to recover from |
Depression |
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Situs refers to what |
Societal factors that are related to the location |
