Concept information
Preferred term
business cycles
Definition
- Capitalism is a society and economy notorious for its instability over time. The history of capitalist economies is replete with boom and bust periods, epochs of rapid growth, high profits, and low unemployment followed by periods of crisis, economic depression, bankruptcies, and high unemployment. [Source: Encyclopedia of Geography; Business Cycles and Geography]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-VGW4VMQZ-1
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