Business circuit Essay Examples

Four Phases of Business Cycle Essay

Business Cycle (or Trade Cycle) is split up into the following several phases: – Prosperity Phase: Expansion or perhaps Boom or perhaps Upswing of economy. Economic depression Phase: via prosperity to recession (upper turning point). Depression Period: Contraction or Downswing of economy. Restoration Phase: via depression to prosperity (lower turning Point). Diagram of Four Phases […]