careers that are more susceptible to changes in economic behavior are those that reply on what?
and may you explain more for me please.
thanks,
What does your book say?
school doesn't provide economic book for us on this year. we only get packages. and I really don't understand what it talking about.
If you copy and paste the part about susceptible careers, I'll be glad to explain it to you.
never mind, i got this part. thanks ms. sue
Careers that are more susceptible to changes in economic behavior are typically those that rely heavily on consumer spending and business investment. These careers are directly influenced by fluctuations in the overall economy and can experience significant impacts during periods of economic growth or downturn.
To further explain, let's consider two important factors:
1. Consumer spending: When the economy is thriving, people tend to have higher disposable incomes and are more willing to spend on non-essential goods and services. This directly affects careers in industries such as retail, hospitality, tourism, entertainment, and luxury goods. These careers may experience higher demand and growth during economic upswings. On the other hand, during economic downturns, people may tighten their budgets and reduce spending on non-essential items, leading to job losses or decreased opportunities in these industries.
2. Business investment: Economic behavior also depends on business investment and confidence. When companies are optimistic about the economy, they are more likely to expand, invest in new projects, and hire more employees. This can benefit careers in industries such as construction, manufacturing, technology, and professional services. Conversely, during an economic downturn or recession, companies may scale back their investments, leading to potential job losses or limited growth in these sectors.
Overall, careers that heavily rely on consumer spending and business investment are more susceptible to changes in economic behavior. It's important to note that this susceptibility varies across industries and individual job roles within those industries.