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Business Cycles: Economy's Impact on Businesses & Occurrence of Contractions, Ejercicios de Idioma Inglés

An explanation of business cycles, their relationship with the economy, and the impact on businesses. It discusses the occurrence of business contractions and recessions, and how they differ. Context clues, definitions, synonyms, and explanations to clarify the concepts.

Tipo: Ejercicios

2023/2024

Subido el 29/01/2024

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Examen parcial
Licenciatura:
Nombre: López soto Brayan raul
Correo
electrónico:
Sotob1620@gmail.com
Matrícula: 6072100236
Grupo: MLCIA401
Asesor: Hernandez coss y león Arturo
(Unknown Title) ????????
It might seem somewhat random when the economy encounters a
downturn, companies struggle, and prices rise, but the process is actually
the direct result of a number of specific factors, including business
cycles. Business cycles refer to the periods of various success, struggle,
and medium-quality profits encountered by companies in the normal course
of the economy; these periods affect every individual. In other words,
businesses may offer a service at an affordable price at one point in time
and fail to become profitable, but may then see this same service bring in
tons of cash at a later point; the difference isn’t the business, but rather, is
the economy.
When the economy is “’good” - something that’s characterized by low
unemployment, low inflation, rising wages, and more - most businesses
experience a boom, or an increase in profits and success. There are once
again a variety of factors that contribute to booms (some of which are
uncontrollable), but the short explanation of the occurrences is that when
people have more money to spend, businesses have more money to make.
Similarly, businesses experience a bust, or a decrease in profits and
success, when the economy falters. For most people, a sagging economy
means it might be hard to find work and pay bills; for businesses, a sagging
economy means it might be difficult to stay in operation.
Comercio internacional y aduanas
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Examen parcial

Licenciatura: Nombre: López soto Brayan raul Correo electrónico: Sotob1620@gmail.com Matrícula: 6072100236 Grupo: MLCIA Asesor: Hernandez coss y león Arturo

(Unknown Title) ????????

It might seem somewhat random when the economy encounters a

downturn, companies struggle, and prices rise, but the process is actually

the direct result of a number of specific factors, including business

cycles. Business cycles refer to the periods of various success, struggle,

and medium-quality profits encountered by companies in the normal course

of the economy; these periods affect every individual. In other words,

businesses may offer a service at an affordable price at one point in time

and fail to become profitable, but may then see this same service bring in

tons of cash at a later point; the difference isn’t the business, but rather, is

the economy.

When the economy is “’good” - something that’s characterized by low

unemployment, low inflation, rising wages, and more - most businesses

experience a boom, or an increase in profits and success. There are once

again a variety of factors that contribute to booms (some of which are

uncontrollable), but the short explanation of the occurrences is that when

people have more money to spend, businesses have more money to make.

Similarly, businesses experience a bust, or a decrease in profits and

success, when the economy falters. For most people, a sagging economy

means it might be hard to find work and pay bills; for businesses, a sagging

economy means it might be difficult to stay in operation.

Comercio internacional y aduanas

Business contractions, or normal periods of reduction in business

after prolonged growth, occur regularly and vary in severity. Eventually,

employers will require a smaller amount of help because consumers are

purchasing less (after all, almost nobody buys new and expensive things all

the time), unemployment will accordingly increase, wages will fall, and so

on and so forth.

Recessions, or multi-month-long declines in wages, general economic

activity, and most importantly, GDP, are more serious than business

contractions. Recessions last longer than business contractions, can be

more severe, and can signal larger problems in the economy.

Taken from: https://lingua.com/businessenglish/reading/business-cycles/ INSTRUCCIÓN GENERAL: Responda el siguiente caso conforme a los conocimientos metodológicos y prácticos, que a lo largo de la materia logró desarrollar y comprender; los cuales lo aproximarán a diversos contextos disciplinares y profesionales actuales. Caso 1: Instructions:

  1. Read the text and look for 3 different types of “Context Clues”.

Remember “Context clues are hints found within a sentence, paragraph, or

passage … to understand the meanings of new or unfamiliar words” S.A. (2005)

Context Clues. Reading. 1.1. Type of Context Clue Example taken from the text

1. Definition The phrase "business cycles" is defined as the periods of success, struggle, and medium-quality profits encountered by companies in the normal course of the economy. 2. Synonym The word "boom" is used to describe an increase in profits and success experienced by businesses during a good economy. 3. Explanation/Clarification The phrase "business contractions" is

2.2. Now that you could to identify “main ideas” and “secondary ideas”, it is time to create “general ideas from them. Four “topic ideas” would be suitable due the fur paragraphs in the text. “Topic ideas” Paragraph 1: Topic idea: The relationship between the economy and business cycles. Paragraph 2: Topic idea: The impact of a good economy on businesses. Paragraph 3: Topic idea: Business contractions as a regular occurrence. Paragraph 4: Topic idea: Recession as a more serious economic downturn. Paragraph 5: Topic idea: The effects of a sagging economy on businesses. 2.3 Once “Topic ideas” were taken from each paragraph, connect them (make sure you use the right connectors ) and write the proposal of a summary in only one paragraph. Draft of a summary: The text explains the relationship between the economy and business cycles, highlighting the impact of a good economy on businesses and the regular occurrence of business contractions after prolonged growth. It also discusses recessions as more severe economic downturns and the effects of a sagging economy on businesses.

  1. Finally, what it would be the “general idea” to set the title of your summary. Understanding Business Cycles: The Economy's Impact on Businesses and the Occurrence of Contractions and Recessions.