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What Are the Strategies That ?Rms Can Use to Stabilize

question 81

Essay

What are the strategies that ?rms can use to stabilize demand and pro?ts in a recession?


Definitions:

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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