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Essay example - Economic Trends in Executive MBA Schools
Pages 5 (1255 words)
Economic Trends in Business Name Professor Course Date Economic Trends in an Executive MBA school. The economic trend is describing the overall direction taken by the economy of a given country. Most of the economic trends are usually caused by the rapid change in telecommunication and information technologies, marketplace globalization and changes in the purchasing habits of the consumer…
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The experiences of the 2007 crisis period have edited the lending and borrowing patterns in the country as it served as a lesson that there could not be a quick restoration of confidence in the financial markets once shuttered. Liquidity crisis can as well turn into a solvency crisis. This experience has resulted in a freeze in the capital formation of the country leading to business opportunities lying unexploited due to the inaccessibility of capital. This has created a challenge in the economic set up of the country (Kerin, 2012) The recession has also contributed in the fluctuations of the economic trends. Recession as described by economist refers to a consecutive two quarter negative growth in the Gross Domestic Product (GDP) of a country. During the time of recession, consumers find themselves in financial crisis. They cut back on the credit card spending and can no longer be able to pay monthly bills. As a result of such circumstance, people opt to venture into white collar jobs that needs a higher level of expertise but would eventually increase income levels. ...
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