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How Do Business Cycles Affect Small Businesses?

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Presentation on theme: "How Do Business Cycles Affect Small Businesses?"— Presentation transcript:

1 How Do Business Cycles Affect Small Businesses?
Unit 1 Topic 1.5.4

2 Lesson Objectives Must learn: understand what is the business cycle and what it consists of Should learn: that economic activity tends to rise and fall and the reasons for this Could learn: the effects on businesses when there are changes in economic activity

3 What is Economic Activity?
Starter Write what you think:- What is Economic Activity?

4 Starter – Key Terms

5 The Business Cycle

6 Key Term

7 What Happens at each stage?

8 The Business cycle Output of UK firms Average Growth Boom
Actual Growth Boom Recession Time

9 Effects of Economical Activity

10 The Effect of the Cycle On Firms

11 Task - Business and the state of the economy?
Boom Recession Definition When there is a lot of spending in the economy When spending in the economy falls What happens to…… unemployment? consumer spending? inflation (prices) ? share prices ? living standards? how people feel? Businesses which do well

12 What happens to …… unemployment?
Task - Business and the state of the economy? Boom Recession Definition When there is a lot of spending in the economy When spending in the economy falls What happens to …… unemployment? …..consumer spending? ……inflation (prices) ? …..share prices ? …..living standards? …..how people feel? Businesses which do well Most. Businesses selling luxuries do well Businesses selling necessities do well

13 Mini Plenary

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17 Plenary

18 Plenary

19 Homework Draw the Business Cycle and explain each stage of it in detail with examples. (5 Marks)


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