Which of the following industries are less sensitive to business cycle? a. Consumer goods industry b. Durable consumer goods industry c. Travel and tourism industries d. Food grain... Which of the following industries are less sensitive to business cycle? a. Consumer goods industry b. Durable consumer goods industry c. Travel and tourism industries d. Food grain processing industries
Understand the Problem
The question is asking to identify which industries are less affected by the fluctuations of the business cycle. It presents multiple options and requires an understanding of how different industries react to economic changes.
Answer
Food grain processing industries
The food grain processing industries are less sensitive to the business cycle.
Answer for screen readers
The food grain processing industries are less sensitive to the business cycle.
More Information
Industries that provide essential goods, like food, are typically less sensitive to business cycles because the demand for these goods remains stable even during economic downturns.
Tips
A common mistake is to assume that all consumer goods are less sensitive. Durable consumer goods can actually be more sensitive due to their higher cost and the possibility for consumers to delay such purchases during economic downturns.
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