Tuesday, 31 March 2015

What is industrialization?

The process by which traditionally nonindustrial sectors (such as agriculture, education, health) of ...

 
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Tuesday, March 31, 2015
 
Term of the Day

industrialization

1. The process by which traditionally nonindustrial sectors (such as agriculture, education, health) of an economy become increasingly similar to the manufacturing sector of the economy.
2. Sustained economic development based on factory production, division of labor, concentration of industries and population in certain geographical areas, and urbanization.
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Usage Example
The industrialization of the town quadrupled its size in five years and has attracted workers from nearby towns in search of better job opportunities.
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Monday, 30 March 2015

What is depression?

Lowest point in an economic cycle characterized by (1) reduced purchasing power, (2) mass ...

 
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Monday, March 30, 2015
 
Term of the Day

depression

Lowest point in an economic cycle characterized by (1) reduced purchasing power, (2) mass unemployment, (3) excess of supply over demand, (4) falling prices, or prices rising slower than usual, (5) falling wages, or wages rising slower than usual, and (6) general lack of confidence in the future. Also called a slump, a depression causes a drop in all economic activity. Major depressions may ...
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Sarah sighed, staring at the layoff notice. Since the economy had fallen into a depression, many of her friends had lost their jobs, and now so had she.
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Planning a Successful Product Launch

Now that your company has a finished product ready to hit the market, a gargantuan, dreaded task remains - the product launch. For some successful companies it ...
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