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Business Economic Lecture no. 13 (Business Cycle (The business cycle,…
Business Economic
Lecture no. 13
Business Cycle
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product around its long-term growth trend.
Expansion
Recession
Peak
Depression
Recovery
Trough
Macro Economics
Indicators
Business Cycle
Inflation
Employment
Inflation
Rising Price
Money Value Decreasing
Employment
Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible.
