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.
A business cycle demonstrates the fiscal activity of an economy over a period of time. While business cycles differ in various ways, including how long they last, each of them has four distinct stages: expansion, peak, contraction and trough.