Question

give a detailed explanation of the phases of a trade cycle​

Answer 1

Answer:

A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

Answer 2

Answer:

Answer

Explanation:

phases – depression, recovery, prosperity and recession.

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