Conjuncture
Encyclopedia
In general, a conjuncture is a period marked by some watershed event which separates different epoch
Epoch (reference date)
In the fields of chronology and periodization, an epoch is an instance in time chosen as the origin of a particular era. The "epoch" then serves as a reference point from which time is measured...

s.
In economics, conjuncture (fluctuation) is a critical combination of events.
  • Boom
    Boom and bust
    A credit boom-bust cycle is an episode characterized by a sustained increase in several economics indicators followed by a sharp and rapid contraction. Commonly the boom is driven by a rapid expansion of credit to the private sector accompanied with rising prices of commodities and stock market index...

     is a time of high business activity, prosperity, peak of business cycle, "bull" market, and/or strong expansion
    Economic growth
    In economics, economic growth is defined as the increasing capacity of the economy to satisfy the wants of goods and services of the members of society. Economic growth is enabled by increases in productivity, which lowers the inputs for a given amount of output. Lowered costs increase demand...

    .
  • Depression
    Depression (economics)
    In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen by some economists as part of the modern business cycle....

     is a time of acutely low business activity, "bear" market, slumping price
    Price
    -Definition:In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.In modern economies, prices are generally expressed in units of some form of currency...

    s and demand
    Demand
    - Economics :*Demand , the desire to own something and the ability to pay for it*Demand curve, a graphic representation of a demand schedule*Demand deposit, the money in checking accounts...

    , recession
    Recession
    In economics, a recession is a business cycle contraction, a general slowdown in economic activity. During recessions, many macroeconomic indicators vary in a similar way...

    , bust
    Boom and bust
    A credit boom-bust cycle is an episode characterized by a sustained increase in several economics indicators followed by a sharp and rapid contraction. Commonly the boom is driven by a rapid expansion of credit to the private sector accompanied with rising prices of commodities and stock market index...

    .
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