In the business cycle, what follows immediately after a peak is the Contraction phase.
During this period, economic growth weakens, it is what economists call a recession. The unemployment rate begins to rise. Businesses wait to hire new workers until they are sure the recession is over.
Using fewer resources than an economy is
capable of using called “<span>Underutilization”.</span>
This applies to a situation when the resources
are not being utilized to their maximum potential. To simply understand it put
it this way:
A PhD doctor in physics starts working as a
waiter or any petty job compared to his qualification status.
Answer:
Migration and multiculturalism are interrelated. Countries or communities, which welcome immigrants from different parts of the world, are affected by external cultures that will modify and shape the culture of a place with traditions, words, music, the lifestyle of other countries, among other things.
Explanation:
Multiculturalism is caused in a community or country by immigrants that will bring their own culture, such as traditions, music, language, food, and coexist or mix with the culture of that place. As there are immigrants from different parts of the world, and there is already a culture in the country or community, it is multiculturalism what migration causes.
Although nethier the U.S nor the Soviet Union had an overt participation in the Chinese Civil War, it is often said that this event represents the beginning of the Cold War in Asia. The confrontation between the nationalists and communists and the further establishment of the People's Republic by Mao Zedong represented the conflict of personal interests of the two superpowers: the U.S supporting the Nationalist Party and the Soviet Union supporting the Communist Party.
