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Concept information

Preferred term

business cycles  

Definition(s)

  • Capitalism is a society and economy notorious for its instability over time. The history of capitalist economies is replete with boom and bust periods, epochs of rapid growth, high profits, and low unemployment followed by periods of crisis, economic depression, bankruptcies, and high unemployment. [Source: Encyclopedia of Geography; Business Cycles and Geography]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-VGW4VMQZ-1

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