Intro2biz

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Storyboard Description

only need 2 of the four parts of the business cycle recession, recovery, prosperity and depression

Storyboard Text

  • WOW THIS WEDDING IS GREAT HONEY!!
  • YEAH! IT REALLY IS!
  • How did you get the money for this anyway?
  • There were a few factors.
  • What were they?
  • Well you see you know how the economy was just in a recession right?
  • What's a recession?
  • A recession is when demand decreases, so production goes down and unemployment rates go up.
  • How is that good though?
  • It isn't, but you see we hit a recovery phase where unemployment rate decreases, demand goes back up and so does good production and the economy is on it's way to becoming better!
  • OH! So would we be in some kind of recovery?
  • Yes! You are correct!
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