Business Cycle explained with Expansion, Recession, Depression and Recovery

Business Cycle Curve Graph

A business cycle, also known as an ‘economic cycle’ or ‘trade cycle’ is the alternate expansion and contraction in overall business activities over time in an economy. It is the rise and fall of economic activities in a cyclic manner characterized by four phases; Expansion (Boom), Contraction (Recession), Depression and Recovery. Expansion In this phase … Read more