Business Studies, asked by vickysingh5894, 1 year ago

Explain the concept of business cycle and impact of business cycle

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Answered by SajibArche

2

The Business Cycle. ... From a conceptual perspective, the business cycle is the upward and downward movements of levels of GDP (gross domestic product) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around a long-term growth trend.

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