2007-01-31 08:22:51 · 2 answers · asked by Matthew. 4 in Business & Finance ➔ Other - Business & Finance
The business cycle or economic cycle refers to the periodic fluctuations of economic activity about its long term growth trend. The cycle involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession). http://en.wikipedia.org/wiki/Business_cycle
The recurring and fluctuating levels of economic activity that an economy experiences over a long period of time. The five stages of the business cycle are growth (expansion), peak, recession (contraction), trough and recovery. At one time, business cycles were thought to be extremely regular, with predictable durations. But today business cycles are widely known to be irregular - varying in frequency, magnitude and duration. http://www.answers.com/topic/business-cycle
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2007-01-31 08:29:08 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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2017-02-10 02:37:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋