Why do you think our economy remains in a constant cycle of change? - @reagan.sturges
Question Source: https://peakd.com/gradnium/@reagan.sturges/week-03-response-yes-change
I believe that our economy remains in a constant cycle of change because things are always growing. As the picture below presents there can be trends that will spike interest and spike the economy to grow. To make things better you have to learn from mistakes and sometimes the best option is to look at what you have been doing, look for a new idea, and incorporate it with the old one. Again I think our economy is always changing because the market is always changing. During the peak of COVID online shopping was a big trend so Amazon thrived off of it. Online grocery services also thrived because people were scared to go out. Now since stores are open and most of everything is back in person those services are not used as much as they were. (I know I would have an Amazon delivery everyday to my house.)The world goes through things as phases and we create solutions to solve issues during those phases. Some things are repeating their selves so we are using old ways but modifying them to our modern phase. If our economy stayed the same forever there wouldn't be as much growth as what we have today.
Image Source [https://cdn.corporatefinanceinstitute.com/assets/economic-conditions2-1024x661.png]
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