Define: Business Cycle

UK Accounting Glossary

Definition: Business Cycle


Quick Summary of Business Cycle


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.




What is the dictionary definition of Business Cycle?

Dictionary Definition



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Full Definition of Business Cycle


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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Business Cycle FAQ's


What are the 5 stages of the business cycle?

The two main phases in a business cycle that are prosperity and depression. The other phases: expansion, peak, trough and recovery are intermediary phases.

What is the peak in a business cycle?

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.


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Business Cycle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 17, 2019 https://payrollheaven.com/define/business-cycle/.
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Business Cycle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/business-cycle/ (accessed: November 17, 2019).
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Business Cycle. PayrollHeaven.com. Retrieved November 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/business-cycle/

Definition Sources


Definitions for Business Cycle are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.