### Describe the local economys stage in the business cycle

##### Reference no: EM13757088

Revise your Week Four business proposal using the feedback provided by your peers and facilitator as necessary. In addition to your week four paper, the second part of your paper will use the revised information torecommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected economy's stage in the business cycle and the prevailing projected economic conditions for one or more macroeconomic factors. Explain the evidence that supports these recommendations.

Required Elements:

Describe the current global economic conditions and their effect on local macroeconomic indicators for your good or service.

Describe the local economy's stage in the business cycle.

Describe how current credit market conditions affect your planning or operating decision for your good or service.

#### Key difference between elite and pluralist theory

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