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Created with Fabric.js 1.4.5 The Business Cycle The Business Cycle Welcome to the Business Cycle Road map! Here you'lltravel through the stages of business and see how it willaffect the standard of living and quality of life of thecommunity. Prosperity Inflation Business is good. Peopleare making money andspending it on businessesaround them. Prices seem to be going up.Wages had better followsuit, or you are going toconfront a seriouseconomic problem. Recession Depression Recovery Business are no longer thriving and theeconomy is starting to slow down.Businesses can no longer afford highpaying wages and will lay people offor let them go completely. If the recession doesn't correct itself,you will find yourself in a depressionEconomic activity will become nearlynonexistent and the unemploymentrate is extremely high. Quality of lifewill succumb to an all-time low. The economy is starting back up again.The national income is growing andbusinesses are manufacturing and feelconfident enough to hire and tacklethe unemployment rate. People arespending money and slowly the economywill reach the stage of prosperity oncemore. The next stages only happenif you don't get out of arecession. Stop now or beforewarned. Welcome to the Business Cycle Road map! Here you'lltravel through the stages of business and see how it willaffect the standard of living and quality of life of thecommunity. Currently, I believe our economy to be in a stateof recovery. In 2008, Windsor struggled with arecession (nearly depression) most foul. Nowour economy is in a healthier state. We can seethis clearly when we look at new businesses andopportunities having started in our community(ex.Adventure Bay). Though we are not yet ina state of prosperity, as we just lost businesswith Heinz as well as losing a deal with Ford,we continue to improve and see a long stateof prosperity ahead. Kaylee Cabrera 2014/11/28
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