The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
boom A+
explain the role of needs in the business cycle
The components of the business cycle is Prosperity, Recession, and depression.
what is definition of business cycle in the phillipines
mostly it varies but one usual length of business cycle is recession,fiscal recovery,growth and decline.when business go through all these its business cycle complete
business is good
business is good
The cycle never ends.
Recovery is another term for expansion in the business cycle.
The lowest point in a business cycle, the point at which the economy begins to rebound.
When the GDP stops falling, the business cycle is a trough.