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Which of the following is NOT one of the fundamental organizational hierarchical designs?
Expansion
In economics, expansion refers to a phase of the business cycle where the economy grows and output increases, often characterized by rising employment and income.
Recession Phase
A temporary downturn in the economy, observed through decreased industrial and commercial pursuits, typically observed by a GDP decline in two consecutive quarters.
Endogenous
Endogenous refers to factors or processes that originate from within a system, such as internal economic conditions or policies affecting an economy's performance.
Innovation Theory
A concept in economics that attributes economic growth and development primarily to the introduction of new technologies and improvements in processes or products.
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