What is a Business Cycle and explain different stages of business cycl

1.	What is a Business Cycle and explain different stages of business cycle?
Answer» Heyyyyy The business cycle, also known as the economic cycle or trade 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. Four Phases of Business Cycle Prosperity PHASE : Expansion or Boom or Upswing of economy. Recession Phase : from prosperity to recession (UPPER TURNING point). DEPRESSION Phase : Contraction or Downswing of economy. Recovery Phase : from depression to prosperity (LOWER turning Point). _____________________ If u have any problem regarding this you can ask!☺️ If u like please Mark it as brainlist

What is a Business Cycle and explain different stages of business cycle?

Answer»

Heyyyyy

The business cycle, also known as the economic cycle or trade 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.

Four Phases of Business Cycle

Prosperity PHASE : Expansion or Boom or Upswing of economy.

Recession Phase : from prosperity to recession (UPPER TURNING point).

DEPRESSION Phase : Contraction or Downswing of economy.

Recovery Phase : from depression to prosperity (LOWER turning Point).

_____________________

If u have any problem regarding this you can ask!☺️

If u like please Mark it as brainlist

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