BF10 - Principals of Business and Finance

1. UNDERSTANDING
BusinessIn a Global Economy
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2. Part2:
Classificationof
Economic Conditions
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3. ProsperityEmployment rate and demand for products and services are high.
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4. RecessionUnemployment rate is increasing and demand for
products and services are lowering.
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5. DepressionUnemployment rate is high and demand for products and services is lowering.
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6. RecoveryUnemployment rate is lowering and demand for products and services is increasing.
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7. Changing
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Conditions

8. InflationAn increase in the general level of prices.
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9. DeflationAn decrease in the general level of prices.
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10. Consumer
An decrease in the general level of prices.
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Price
IndexA measure of the average change over time in the prices paid
by consumers for consumer goods and services.

11. InterestRateThe cost of borrowing money.
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