The Increasing Velocity of the Business Cycle

Read Pages 60-61 at the botom "Cybernomics Spotlight" In this article, Michael Dell says that Business Velocity is increasing (through out the world). Note that by business he means the business cycle, which is the proces of getting goods from the manufacturer to the consumer; by velocity he means the speed of getting the goods from the manufacturer to the consumer. Question:

1. Mr. Dell attributes the increase in business velocity to what 4 reductions in the business cycle?


2. What developments in technology allowed for this change? Explain.

After answering questions, we had a class discussion over this.