When the economy is flourishing, the signs on the direction variable.Previously, a business cycle is often said to have four phases as the recession, depression, recovery and flourishing. In Vietnam, in a number of books on the economy of capitalist countries, when talking about the economic cycle is often called the four phases is the crisis, recovery targets, and flourishing.However, in the modern economy, crisis in the sense the economy become targets, rampant unemployment, factories closing, etc. rarely occurs due to the Government's interventions to mitigate the consequences. Therefore, some new theory just talking about 3 phase is recession-recovery-flourishing. The entire period of GDP decrease, i.e. the period the economy shrinking, known only as the recession.
đang được dịch, vui lòng đợi..