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Lecture 15 (Inflation in employment cycle (price and business cycle (In…
Lecture 15
Business cycle and inclement
When business cycle high
GDP goes high
Expansion is link
Example
Government of pakistan
Make the home
People get employment
People get home also
If government not do wealfare
there is automatic wealfare
because of growth
Example
Government offer new project
Employment generate
People get advantage
welfare by market
Business cycle and expansion effect
Higher the growth
Department of state become strong
Example
use of petrol is high
Petrolium setctor is strong
Use of steel in prject
Steel industry become strong
Making dam
People get employment
Energy also
If government make new motorway
Communication become easy
different small region become strong
One village one product in business cycle
Allow the village to make their special product
then export
Example
Khairpur
Allow them to grow date and then export them
Sialkot
Allow to make only sports good then export
Help to motive people
Help in expansion of business
Inflation in employment cycle
price and business cycle
In expension
Employment
In ression
Un employment
In ression employment used ineffective way
example
In village
Poor have no money
Rich hold the money
Poor resource distributaion
If development so price high
If inflation is 2% then ok
If more then 2%
system colleps
If low development
price is low
Recession and government
government use their decision
no wealfare
no efficiency
mostly project run on efficiency
Example Polio
Run by government
no stable projects
Example
PIA
Government take decison according to them
development
price high
no development
still price high
government apply tex
Economic cycle in business cycle
Example
moblie
fast he
Communication
Business
Mobile and railway
if both grow
revolution in business
Prepare by:
Azaz Ahmed (1839124)