Recession and Its Aftermath Adjustments in the United States, Australia, and the Emerging Asia /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Verma, NMP (Editor)
• Format: Electronic eBook
• Language: English
• Published: India : Springer India : Imprint: Springer, 2013.
• Subjects: Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.

Market failure at medium intervals is inevitable in a capitalist economy. Such failures may not be seriously seen in the short run because market adjusts demand through hoarding of inventory or import of required goods and services. The market also adjusts demand in the long run through expansion of...