Reading: The Business Cycle
Business Management for Every Enterprise
Unit 4
The Business Cycle
The Business Cycle
In developed countries we can generally see a pattern where there are periods of economic growth, followed by periods of slowing growth and even falling growth.
This is known as the business cycle
The business cycle is the periodic fluctuations in economic activity measured by changes in real GDP
The phases of the business cycle are known as peak, contraction, trough, and expansion.
While the fluctuations are, in practice, highly irregular, the most common illustration of the business cycle shows a standard periodic cycle.
The Business Cycle
The Business Cycle
最后修改: 2018年08月14日 星期二 08:16