The business cycle refers to the recurrent periods during which a nation's economy moves through phases of recession and recovery. Historical research by economists has identified both short-term and long-term cycles.
The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of expansion, peak, recession, trough, and recovery phases.
An Economic Cycle refers to the fluctuating levels of economic activity that an economy goes through over a period of time, commonly classified into phases such as expansion, peak, contraction, and trough.
