Concept explainers
The economic trends based on the summary of the Beige book
Concept Introduction:
Economic Strengthening or Weakening- An economic strengthening implies an improvement in the growth indicators for all the sectors of the economy. It is an economic predicament where the growth rate and employment is on the rise. The wages and prices would be rising moderately. The three sectors of the economy- Manufacturing or industrial and tertiary or services would be growing at notable rates while the primary or agricultural- would be witnessing a modest progress too. Economic weakening on the other hand is a reverse trend leading the economy towards a state of recession.
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Economics of Money, Banking and Financial Markets, The, Business School Edition (5th Edition) (What's New in Economics)
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