Give the meaning of trade cycle and explain the various phases of a trade cycle.
Answers
Answered by
3
Answer:
The trades cycle or business cycle are cyclical fluctuations of an economy. ... 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
Answered by
15
The trades cycle or business cycle are cyclical fluctuations of an economy. ... 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.
mark my answer brilliant
follow plz
Similar questions