#5 Quote From The Economics Book by Niall Kishtainy

January 24, 2016 § Leave a comment

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“In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo.”

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