Populism, as the residue of the properly political, is the ultimate symptom of the post-political condition. Firstly, the post-political consensus itself tends towards populist gestures as a substitute for the properly political.
Comment(0) Step 3 of 3 The business cycle affects output and employment in capital goods industries and consumer durable goods industries more severely than in industries producing consumer nondurables because the spending on the former goods could be postponed but it is difficult to cut back on the latter.
In this topic we explore the concept of the business cycle. A business cycle occurs due to the fluctuations that an economy experiences over time resulting from changes in economic growth. Understanding business cycles is the essence of a course in macroeconomics.