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.
trade cycle, economic cycle
A business cycle is the periodic rise and decrease of an economy, as measured primarily by its gross domestic product (GDP). Governments attempt to manage business cycles through spending, tax increases and decreases, and interest rate adjustments. Individuals can be impacted by business cycles in a variety of ways, from job hunting to investing.
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This glossary post was last updated: 19th January, 2022 | 0 Views.