Such changes are normally visible in key macroeconomic measures such as gross domestic product (GDP), real income, employment, industrial output, and wholesale-retail sales.
During Prophase
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
Interphase
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
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.
Interphase
When the GDP stops falling, the business cycle is a trough.