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What are the strategies that ?rms can use to stabilize demand and pro?ts in a recession?
Industrialization
The transformation from an agricultural-based economy to one based on the manufacturing of goods, involving the establishment of factories, urbanization, and changes in socio-economic structures.
Domestic Production
The creation of goods and services within a country's borders, contributing to its economy.
Social Cohesion
The bond that brings a society together, marked by strong social ties, a sense of belonging, and the willingness to participate in community life.
Durkheim
A founding figure in sociology, known for his studies on social integration, religion, and the development of sociology as a discipline.
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