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Tag: BUSINESS CYCLES

28 January 2025

JOSEPH SCHUMPETER’S THEORY OF BUSINESS CYCLES: INNOVATION THEORY

Joseph Schumpeter, THEORY OF BUSINESS CYCLES an influential economist, introduced the Innovation Theory of Business Cycles, which emphasizes the role of innovation and entrepreneurship in […]

26 January 2025

MEASURES TO CONTROL BUSINESS CYCLES

Business cycles, characterized by periods of economic expansion and contraction, can lead to challenges such as inflation during booms and unemployment during recessions. To mitigate […]

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