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This makes it important to specify the debt contracts between each bank and entrepreneurs during the prosperity phase of Schumpeter's cyclical development.
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GDP growth should reach 5% in the recovery and prosperity phases, not the 2% we have seen.
Since the play was written, the onerous estate tax that takes a disastrous bite out of the family prosperity is being phased out, at least for now.
It must endure much more pain before it enters its next phase of prosperity.
Once that realization takes place, Greece will enter a new phase where prosperity will be a reality and not part of political speeches.
A boom is a phase of accelerated prosperity.
Now India and Africa must find a viable path to prosperity without passing through an industrialization phase.
Scholars who developed Juglar's approach further distinguished three phases, or periods, of a typical cycle: prosperity, crisis, and liquidation.
"The claim that pollution control stifles economic growth and that poor countries must pass through a phase of pollution and disease on the road to prosperity has repeatedly been proven to be untrue," the report reads.
The results of this became apparent through three phases of foreign influence on domestic food consumption after 1945: austerity, prosperity and big business.
Older generations aren't necessarily themselves to blame; shifting demographics and the current phase of globalisation mean there's a chance many young people today will not enjoy the rise in prosperity their parents and grandparents did.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com