Answer to Question #222736 in Microeconomics for Mavis

Question

Stagnation is best characterised by? and can be solved by?

Answer 1

Stagnation is a prolonged period of little or no growth in an economy. Its also a situation that occurs within an economy whereby the total output is declining or growing slowly. Stagnation occurs as a result of flat job growth or no wages increase.

It can be solved through;

• Change__to be a good entrepreneur, it necessary to adapt change in the way you have been running the firm up till to date in order to avoid stagnation.
• Take a vacation__ when you revive yourself, you will be able to approach your work with freshness and even get rid of the pre-existing conservative in the firm.
• Hard work__ the employees or even the employer should be motivated enough for them to work more harder.