During an economic ________, business is booming, prices are high, and it is difficult to hire new workers because virtually everyone who wants to work is already employed.

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21-01-2022
Business

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During an economic ________, business is booming, prices are high, and it is difficult to hire new workers because virtually everyone who wants to work is already employed.

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abidemiokin abidemiokin · Answer 1 · 2022-02-02T11:19:23+01:00

Economic growth, business is booming, prices are high, and it is difficult to hire new workers because virtually everyone who wants to work is already employed.

Economic growth

Economic growth is defined as an increase in the production of economic goods and services, compared from one period of time to another.

According to the given question, we can conclude that during economic growth, business is booming, prices are high, and it is difficult to hire new workers because virtually everyone who wants to work is already employed.

During the period there is an increase in the production of goods and services which positively affects the economic development of a country.

Learn more on economic growth here: https://brainly.com/question/1690575