The business cycle is composed of many phases and one of them is the expansion phase. This phase is a two-fold one, including recovery and prosperity.
During the recovery period there is an ever-growing expansion of existing equipment. And new facilities for production are created. More businesses are created and older ones expanded. Improvements of serious kinds are made. There is an ever increasingly positive view about the future of economic growth. Much capital is invested in machinery or "heavy" industry. More labor is employed. More raw materials are required.
As more parts of the economy develop, other parts are affected. For example, the expansion in automobiles results in an expansion of the steel and rubber industries. Roads are required; thus the cement and machinery industries, are activated. Demand for labor and materials results in greater prosperity for workers and suppliers of raw materials. This increases the amount of goods bought and s
A. The expansion of existing facilities.
B. The creation of new business.
C. The disappearance of old business.
D. The increase of optimism about the future of economy.
Our daily existence is divided into two phases, as distinct as day and night. We call them work and play. We work many hours a day and we allow the necessary minimum for such activities as eating and shopping. 46) The rest we spend in various activities which are known as recreations, an elegant word which disguises the fact that we usually do not even play in our hours of leisure, but spend them in various forms of passive enjoyment or entertainment.
We need to make, therefore, a hard-and-fast distinction not only between work and play but, equally, between active play and passive entertainment. 47) It is, I suppose, the decline of active play--of amateur sport--and the enormous growth of purely receptive entertainment which have given rise to a sociological interest in the problem. If the greater part of the population, instead of indulging in sport, spend their hours of leisure "viewing" television programs, there will inevitably be a decline in
An architectural style defines as a family of such systems in terms of a (1) of structural organization. More specifically, an architectural style defines a vocabulary of (2) and connector types, and a set of (3) on how they can be combined. For many styles there may also exist one or more (4) that specify how to determine a system's overall properties from the properties of its parts. Many of architectural styles have been developed over the years. The best-known examples of (5) architectures are programs written in the Unix shell.
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