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.
Cycle forecasting is the process of making predictions about the future of the economy by analyzing economic data. The business cycle is the pattern of economic booms and busts that is characteristic of developed economies. Since the Great Depression, which began in 1929, the U.S. economy has experienced alternating periods of rapid economic growth and economic slowdowns.