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 which industries are less affected by fluctuations in the business cycle, indicating an interest in economic concepts related to industry sensitivity and stability during economic changes.
Answer
Food grain processing industries.
The industry that is less sensitive to the business cycle is the food grain processing industry.
Answer for screen readers
The industry that is less sensitive to the business cycle is the food grain processing industry.
More Information
Food grain processing industries, a type of non-durable consumer goods industry, are less sensitive to business cycles because their demand remains fairly stable regardless of fluctuations in economic conditions.
Tips
A common mistake is confusing durable goods with non-durable goods when considering their sensitivity to economic cycles.
Sources
- Which of the following is most sensitive to the business cycle? - homework.study.com
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