Explain the Nature of Orientation Programs and Why They Are

question 8

Essay

Explain the nature of orientation programs and why they are needed.

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Definitions:

Price Shock Theory

A theory suggesting that sudden and unexpected changes in prices (typically upwards) can have significant adverse effects on an economy.

Business Cycle

The economic cycle of expansion and contraction that occurs within an economy.

Telecommunications Industry

A sector that facilitates communication over significant distances via telephone, internet, cable, and broadcasting.

Index Of Leading Indicators

A composite statistic of variables that are considered to predict future economic activity, helping analysts and policymakers gauge the economy's direction.