Economy, asked by samira916, 5 months ago

explaing Turning point
business cycle

Answers

Answered by priyanshusingh9816

Explanation:

Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction. ... Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.Jul 12, 2019

Answered by srikanthn711

Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction

Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.

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