business cycle

What is Business Cycle? Definition, Features, and 4 Phases (Explained)

What is Business Cycle? A business cycle or trade cycle is defined as an alternation of periods of good trade i.e. increasing trends of economic variables and periods of bad trade i.e. falling trends of macroeconomic variables. Business conditions never remain unchanged. A business cycle refers to oscillations in aggregate economic activities, particularly in employment, …

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