Definition
Stage in an economic cycle in which conditions of relatively low-unemployment and high total income prevail, leading to high purchasing power (if the inflation rate is kept low).
Business Tips
What Consumers Purchase
There is something inevitable to me about "positional" goods. Once you've provided for your basic needs, you start to march up the consumption curve and it is often the more traditional bran ... Read more
More Tips
Related Videos
http://www.businessdictionary.com/definition/prosperity.html
