Business, Legal & Accounting Glossary
More or less regular fluctuations in aggregate economic activity, between peaks and troughs, typically over a five to ten year period.
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.
In economics; the business cycle, also known as the trade cycle or economic cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
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This glossary post was last updated: 26th April, 2020 | 2 Views.