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The business cycle - Coggle Diagram
The business cycle
Recession
Decreasing customer spending
Sales and profit falling
Unemployment rising
Business expectations increasingly pessimistic
Decreasing business investment
Recovery
Business expectations increasingly optimistic
Sales and profit rising
unemployment falling
Increasing customer spending
Increasing business investment
Troughs
Inflation may remain stable or fall
High level of unemployment
Sales, profits and consumer spending at lowest levels
Wages and salaries at low levels
Business operating at below full capacity
Peaks
Sales and profits at highest levels
Low level of unemployment
Wages and salaries at high levels
Business operating at full capacity
Low levels of unemployment inflation may increase