Business cycle and its growth followed by economic contraction the amount of time it takes a business to produce products in the following way.
Explanation:
The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (GDP) and other macroeconomic variables.
A business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time.
Economists note, however, that complete business cycles vary in length. The duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length.
FACTORS THAT SHAPE BUSINESS CYCLES
Volatility of Investment Spending
- Variations in investment spending is one of the important factors in business cycles. Investment spending is considered the most volatile component of the aggregate or total demand (it varies much more from year to year than the largest component of the aggregate demand, the consumption spending), and empirical studies by economists have revealed that the volatility of the investment component is an important factor in explaining business cycles in the United States.
Momentum
Technological Innovations
Variations in Inventories
Fluctuations in Government Spending
Politically Generated Business Cycles
Monetary Policies
Fluctuations in Exports and Imports
Answer:
A safety manager is a person who designs and maintains the safety elements at workplace. A balance should be required for production and the job in providing work environment. As a safety officer in a medium sized manufacturing facility the following organizational system can be designed and maintained:
- Maintaining a workplace as per the guidelines by Occupational safety and health association. The rules and regulation should be such that maintains the manufacturing facilities.
- For warning to workers proper labelling, floor mapping, signs, posters should be used.
- Procurement and usage of safe tools.
- A guideline that describes safety standard and precautionary measures should be available to the workers. They should be aware about all the steps that needs to be taken in crisis.
- Ensuring that the workers have enough training safety and health or accident prevention.
- Identify and eliminate the hazardous elements from the workplace.
- A strict action should be taken against the worker in case of violation of rules and not adhering with guidelines.
Answer:
A civil engineer.
Explanation:
Civil engineering is the science that deals with the design, creation and maintenance of constructions for civil use on the earth's surface. Thus, this specialty seeks to adapt soils to the needs of life in society, creating buildings, bridges, and all other constructions adapted to civil life, while taking care of the correct use of soils and the correct distribution of spaces and resources. to be used for such constructions.
