Question

The
phase of Trade cycle consist of two steps like search and negotiation.​

Answer 1

Explanation:

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.

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Answer 2

The trade cycle does support search and negotiation.

• Regular fluctuations in the level of various economic elements, such as national income, employment, production and income, costs, profits, refer to the trade cycles.
• The cycle consists of four steps, namely the recovery, boom, recession and depression. However, it needs to support other elements as well.
• Finding goods or services that are ideal for the requirement and agreeing on trade conditions that are sometimes referred to as search and negotiation.