GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:06 Apr 20, 2005 |
English language (monolingual) [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Charlesp Sweden Local time: 17:13 | ||||||
Grading comment
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rapid growth in the number high technology companies of a few years ago Explanation: - -------------------------------------------------- Note added at 5 mins (2005-04-20 17:12:21 GMT) -------------------------------------------------- as always in economics very fast growth is usually accompanied by a period when growth is very slow or even negative - hence the word bubble - bubbles can burst -------------------------------------------------- Note added at 11 mins (2005-04-20 17:18:07 GMT) -------------------------------------------------- because of this tendency, whenever an economy or a sector of the economy starts expanding rapidly, people are always concerned that once the rapid growth stops, the bubble will burst and problems such as mass layoffs and bankrupcy will set in |
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