Describe Bypassing

question 96

Essay

Describe bypassing.

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Definitions:

Business Cycle

The fluctuations in economic activity that an economy experiences over a period, consisting of expansion and contraction phases.

Credit Expansion

refers to the increase in the availability of loans or credit in an economy, often leading to increased investment and consumption.

Malinvestment

The allocation of resources in a manner where the return does not justify the initial investment, often due to poor planning or understanding of the market.

Hair Dryers

Electrical devices used to dry and style hair by blowing hot air over it.