Question

Which phase of trade cycle deals service and warantee

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.

Explanation:

Answer 2

Explanation:

The four important features of Trade Cycle are

(i) Recovery

(ii) Boom

(iii) Recession

(iv) Depression

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