Question

explain with suitable examples the impact of the expansion of business activities in an economy​

Answer 1

A business cycle is the rise and fall of business activities within an industry that include periods of profitability and periods of loss. Business cycles do not occur at regular intervals. These cycles occur irregularly but repetitively. Typical business cycles include expansion, a peak, contraction and recovery. When dramatic business cycles occur in different industries, it often affects the national economy as a whole and not just the industry experiencing the fluctuation.