Populism, as the residue of the properly political, is the ultimate symptom of the post-political condition. Firstly, the post-political consensus itself tends towards populist gestures as a substitute for the properly political.
Comment(0) Step 3 of 3 The business cycle affects output and employment in capital goods industries and consumer durable goods industries more severely than in industries producing consumer nondurables because the spending on the former goods could be postponed but it is difficult to cut back on the latter.
In severe bust periods, the economy enters recession, meaning it experiences negative growth and shrinks. The business cycle has major impact on businesses: slow growth can make consumers less confident about the future, which tends to lead to less spending and lower revenues for businesses.