Most of us have heard the term ‘Business Cycle’ in one context or other , haven’t we? Well here we are, making a little effort to spread awareness & understanding about all nitty gritty of Business Cycle in the economy .
What is it and how does it work?
Business cycles quite simply refer to the ups and downs of a gross domestic product (GDP).These ups and downs, or expansions and contractions, repeat on a cycle. These are a common measure of finance in countries of a capitalist nature. They are sometimes referred to as trade cycles or economic cycles. What ever they are known by within a certain company, the concept is the same. Grow occurs through a boom and the company expands until a peak is reached.