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.



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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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Synonyms For Business Cycle


trade cycle, economic cycle


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Business Cycle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 25, 2020 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: February 25, 2020).
American Psychological Association (APA):
Business Cycle. PayrollHeaven.com. Retrieved February 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/business-cycle/

Definition Sources


Definitions for Business Cycle are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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