What Are Inventories? What Usually Happens to Inventories at the Beginning

question 109

Essay

What are inventories? What usually happens to inventories at the beginning of a 'contraction' and what usually happens to inventories at the beginning of an 'expansion'?
_____________________________________________________________________________________________
_____________________________________________________________________________________________

---

Definitions:

Walking Purchase

A controversial 1737 land deal in which the Penn family and colonists claimed a large area of land in Pennsylvania through a fraudulent walking survey.

Indians

Indians refers to the indigenous peoples of the Indian subcontinent, or in a historical American context, Native Americans, the original inhabitants of the Americas prior to European colonization.

Pennsylvania

A state located in the northeastern region of the United States, known for its rich history, including being one of the original 13 colonies.

Bacon's Rebellion

A 1676 rebellion in the Virginia Colony, led by Nathaniel Bacon, which was an early rebellion against the colonial government by settlers.