| 书目名称 | Recession and Its Aftermath | | 副标题 | Adjustments in the U | | 编辑 | NMP Verma | | 视频video | | | 概述 | Fresh contributions on the topic of recession and its control in many economies which include the US, Australia, and the core Asian countries.Analysis of conceptual and measurement issues on recession | | 图书封面 |  | | 描述 | Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of concerned industrial output and also by the entry of new firms. The crucial variable is price which also adjusts the commodity and the labor market. The problem comes when there are issues of overproduction, over capacity utilization of plants, over liquidation and excess supply of money, change in demand because of change in tastes and habits of consumers, households and the public. All these create knife edge disturbances in the economy. As a consequence they need adjustment through some variables such as employment and growth of population, saving propensity, technology, exhaustion of existing inventory, monetary and fiscal balancing. In this volume an attempt has been made to appraise the working of a market economy where short term disturbances may occur, market efficiency reduces, recessionary cycle emerges and after certain fundamental measures the market recovers. Starting with | | 出版日期 | Book 2013 | | 关键词 | ADJUSTMENT PROCESS; BUSINESS CYCLES; EFFICIENCY AND FLUCTUATIONS; RECESSION, SHOCKS; USA, AUSTRALIA, EME | | 版次 | 1 | | doi | https://doi.org/10.1007/978-81-322-0532-6 | | isbn_softcover | 978-81-322-1721-3 | | isbn_ebook | 978-81-322-0532-6 | | copyright | Springer India 2013 |
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发表于 2025-3-21 17:34:55
