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\nUnderstanding GDP and the Business Cycle in the Wider Economic Environment\n

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\nThis video is a lecture discussing the concept of GDP (Gross Domestic Product) and the business cycle in the wider economic environment. The video also touches on the PESTLE analysis of the external environment and how it impacts...\nThis video is a lecture discussing the concept of GDP (Gross Domestic Product) and the business cycle in the wider economic environment. The video also touches on the PESTLE analysis of the external environment and how it impacts businesses. The presenter defines GDP and explains why it is important for businesses to understand. The video also covers the different stages of the business cycle, including recovery, boom, slump, and recession, and how they impact businesses. The lecture provides examples from UK economic history to illustrate the practical application of these concepts.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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9:49
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Grade
Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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business, economic growth, periods, economy, time
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Additional Tags

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a-level, section, threats, and, opportunities, 1.4.1, gdp, the, cycle, final goods, long run, wider question, business people, business cycle, economic cycle, economy overheats, growth, negative, period, impact, trend, back, recovery, stages, boom, year, services, decreasing, recession, businesses, order, mitigate
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Classroom Considerations

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Best For: Explaining a topic
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding GDP and the Business Cycle in the Wider Economic Environment\" href=\"/subscription/new\">\"Understanding\n\n
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