Examlex
The service-profit chain identifies that increases in service through the cultivation of employees leads to higher customer costs and the potential erosion of profits.
Recovery Phase
A period in the economic cycle where economic activity starts to increase again after a recession, leading to growth in GDP and employment.
Prosperity
A state of economic well-being and flourishing, characterized by financial success and material wealth.
Consumer Price Index
An indicator that measures the average price weighted across a mix of consumer goods and services, including but not limited to transportation, food, and healthcare.
Deflation
A drop in the overall price of goods and services, frequently signifying a decrease in the economy's money or credit supply.
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