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- Kitchin_cycle abstract "Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.This cycle is believed to be accounted for by time lags in information movements affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the increase in output through the full employment of the extent fixed capital assets. As a result, within a certain period of time (ranging between a few months and two years) the market gets ‘flooded’ with commodities whose quantity becomes gradually excessive. The demand declines, prices drop, the produced commodities get accumulated in inventories, which informs entrepreneurs of the necessity to reduce output. However, this process takes some time. It takes some time for the information that supply significantly exceeds demand to get to the businesspeople. As it takes entrepreneurs time to check this information and to make the decision to reduce production, time is also necessary to materialize this decision (these are the time lags that generate the Kitchin cycles). Another relevant time lag is the lag between the materialization of the afore mentioned decision (causing the capital assets to work well below the level of their full employment) and the decrease of the excessive amounts of commodities accumulated in inventories. Yet, after this decrease takes place one can observe the conditions for a new phase of growth of demand, prices, output, etc.".
- Kitchin_cycle wikiPageID "25747256".
- Kitchin_cycle wikiPageRevisionID "541011032".
- Kitchin_cycle hasPhotoCollection Kitchin_cycle.
- Kitchin_cycle subject Category:Business_cycle.
- Kitchin_cycle subject Category:Economic_theories.
- Kitchin_cycle subject Category:Sociocultural_evolution.
- Kitchin_cycle subject Category:Theories_of_history.
- Kitchin_cycle type Abstraction100002137.
- Kitchin_cycle type Cognition100023271.
- Kitchin_cycle type EconomicTheories.
- Kitchin_cycle type EconomicTheory105994935.
- Kitchin_cycle type Explanation105793000.
- Kitchin_cycle type HigherCognitiveProcess105770664.
- Kitchin_cycle type Process105701363.
- Kitchin_cycle type PsychologicalFeature100023100.
- Kitchin_cycle type TheoriesOfHistory.
- Kitchin_cycle type Theory105989479.
- Kitchin_cycle type Thinking105770926.
- Kitchin_cycle comment "Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.This cycle is believed to be accounted for by time lags in information movements affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the increase in output through the full employment of the extent fixed capital assets.".
- Kitchin_cycle label "Cycle Kitchin".
- Kitchin_cycle label "Kitchin cycle".
- Kitchin_cycle label "Циклы Китчина".
- Kitchin_cycle label "基钦周期".
- Kitchin_cycle sameAs Kitchinovy_cykly.
- Kitchin_cycle sameAs Cycle_Kitchin.
- Kitchin_cycle sameAs m.09v7905.
- Kitchin_cycle sameAs Q2666358.
- Kitchin_cycle sameAs Q2666358.
- Kitchin_cycle sameAs Kitchin_cycle.
- Kitchin_cycle wasDerivedFrom Kitchin_cycle?oldid=541011032.
- Kitchin_cycle isPrimaryTopicOf Kitchin_cycle.