Question

Prosperity,recession and depression in a business is an example of ... ?

Answer 1

Answer:

All are the examples of Trade cycle .

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Answer 2

• Prosperity recession and depression in a business is an example of a trade cycle.
• Trade cycle refers to the fluctuation in economic activities like employment, output income, prices, profit, etc.
• It means the regular fluctuations in the level of national income.
• There is a depression followed by recovery and boom and finally recession.
• The Trade cycle shows how economic growth can fluctuate within different phases for example boom is a period of high economic growth.