Question

Define stages of a business cycle with the help of a diagram?

Answer 1

Answer:

Business cycles are characterized by boom in one period and collapse in the subsequent period in the economic activities of a country. ... These fluctuations in the economic activities are termed as phases of business cycles. The fluctuations are compared with ebb and flow.

I hope it's help you please like

Answer 2

Business cycles are characterized by boom in one period and collapse in the subsequent period in the economic activities of a country. These fluctuations in the economic activities are termed as phases of business cycles.

Hope this helps you

Mark as brainliest