what is period economy?
Answers
Answered by
2
heya!!!
gud evening...
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
hope it helps!!!!
gud evening...
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence.
hope it helps!!!!
Answered by
1
The economic cycle is the natural fluctuation of the economy betweenperiods of expansion (growth) and contraction (recession). Factors such as gross domestic product (GDP), interest rates, levels of employment and consumer spending can help to determine the current stage of theeconomic cycle
aditya316599:
i think .i hv seen this answer on Wikipedia
Similar questions