Learn what is business cycle , the fluctuations in economic activities or rise and fall movement of GDP around its long-term growth trend. Explore the phases, nature, types and theories of business cycle with examples and diagrams. The recurring fluctuations in a nation's overall economic activity are crucial to understand business cycles . These cycles involve periods of expansion, during which multiple sectors experience growth simultaneously, followed by periods of contraction, during which economic activity declines across various sectors. Understanding these cycles provides valuable information and empowers you to navigate the broader economic context with confidence and a sense of control. The changes in economic ... Learn what a business cycle is, how it affects the macroeconomic variables, and what are its four phases: depression, recovery, prosperity and recession. See a diagram illustrating the typical pattern of a business cycle and its features. Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle . The simplest defines recessions as two consecutive quarters of negative GDP growth. More satisfactory classifications are provided first by including more ...
