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.
Equitable refers to actions, processes, or outcomes that are marked by fair and impartial treatment, and which conform to principles of natural justice rather than strictly to technical legal rules.
The term 'recovery' in various fields refers to the period when economic activity picks up after a downturn, absorption of costs or collections in finance, and rising prices in investment markets.
