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Expansion - Crisis - Recession- Recovery
i believe it is measure of a business performance within the economy and have the following stages:
introduction,expansion,maturity,decline. this is the general idea and description.
A typical pattern of Growth to downturn to recovery to growth again can be termed as Business Cycle
Introduction - Growth - Maturity - decline -Innovation
A business cycle shall be defined as 'different stages that an organisation goes through inorder to ensure its existance, stability in the market through different process, research anddevelopment and market analysisin different period of time such as inflation,expansion, recession etc.
the stages shall be represented as.
innovation -> introduction-> growth-> prosperity-> decline.
A bussiness cycle conssts of ups and downs in bussiness.
If you look at macro economics thatwould menan, boom and inflation, stagnation and deflation.
They depend on many factors like volume of circulation of money in the market , exports and imports which hasa direct effect on the value of the local currency.
It may be added printing currency notes to finance war could lead to stagflation that is inflation without growth. This happened in Germany during the2nd World War.
Many African and latin American countries faced this situation in the recent past.
The fluctuations in economic activity that an economy experiences over a period of time.
The business cycles involve phases of high or even low level of economic activities. A business cycle involves periods of economic expansion, recession, trough and recovery. The duration of such stages may vary from case to case.
Business cyles defines as irregular up-and-down movement in economic activity over a period of time. A business cycle is consist od following phases:
1.
The business cycle is the periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables
