UK Accounting Glossary
Period (usually 12 months) during which the peaks and troughs of activity of a business form a pattern which is repeated on a regular basis.
The two main phases in a business cycle that are prosperity and depression. The other phases: expansion, peak, trough and recovery are intermediary phases.
A peak is the highest point between the end of an economic expansion and the beginning of a contraction in a business cycle. The peak of the cycle refers to the last month before several key economic indicators, (employment and new housing starts), begins to fall.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Business Cycle are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.