Discuss how economics plays a vital role in shaping public discussion in the following policy areas: Household taxation Business taxation Import taxation (tariffs) Provide several examples of how economics plays a role in policy or public discussion related to your career. Why is understanding economics important for you

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Iwish i could tell you but you havnt given any answer choices

Answerbuyer needs and uses of the product are diverse and they are not fully satisfied by a standardized product;