A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
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What is a boom?
Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stock market and increasing consumer prices.
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what is disposable income?
Income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.
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What is currency rate?
Changes in currency rates influences spending in a destination. In T&T, those same changes can sometimes also belie the true strength of one country's currency against the primary currency used by their visitors.
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What is levels of employment?
The employment level is defined as the number people engaged in productive activities in an economy. The two main measures used for employment are the number of persons employed or the number of employees.
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Card 2
Front
What is a boom?
Back
Period that follows recovery phase in a standard economic cycle. A boom is characterized by an economy working at full or near-full capacity, strong consumer demand, low rate of unemployment, and a rising stock market and increasing consumer prices.
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