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When immigration or higher
birth rates cause a population to grow, demands tends to increase.
When population growth slows down, demands drop by huge amounts. Such inventions
as the automobile and color television spur business investments and consumer
spending, causes expansion. After demand for these products has been satisfied,
spending drop offs resulting in contraction...
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Such inventions
as the automobile and color television spur business investments and consumer
spending, causes expansion. After demand for these products has been satisfied,
spending drop offs resulting in contraction. Still other theories suggest that
during expansion, business invest too heavily in buying...
Essay fragment
General points of the essay
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