Question

2. Discuss How Does Economy Change With the Change of Seasons – provide atleast three examples

Answer 1

economy is generally correlated with the season of a particular region.season influence the output and consumption level of a particular economy.each season has its own peak and off season.

we can understand the concept with the following examples.

• when there is a season of summer then the season concerned items are manufactured and sold.silk,cotton clothes are generally demanded by the people.therefore the demand for air conditioner,refrigerators increase.people demand cold and soft drink.therefore we can get an idea that in the summer season production units concerned with the defined business enjoys their peak and boom situation.

• in the winter season the situation is different and therefore the economy also changes.demand for woolen clothes increases and instead of soft and cold drinks the demand for coffee and other hot beverage increases.therefore the concerned production units enjoy the peak season.

• in the rainy season the sale of umbrellas and rain coats increases.people demand for such goods and production units enjoy the benefit of increased demand and demand for the AC would decline.

as a result we can conclude that economy changes with a change in the season and each season experience their respective and concerned demand.