peak
Trough A+
Trough A+
An increase in business activity after a recession is an economic turnaround. An introduction of technology helps economies grown and come out of depression.
business cycle
== == == ==
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
recession
Recession- A significant decline in activity regarding the economy. A recession usually declines such matters as employment, industrial production, real income, and wholesale-retail trade. A recession is measured in two consecutive terms of negative economic growth by the country's gross domestic product. Recovery- The period, after a recession, of growth due primarily to the utilization of economic capacity which became idle during the recession. Expansion- The period of economic growth after a recovery in which the increase of GDP is due to increases of productivity and addition of new economic capacity, rather than utilization of idle capacity.
The business cycle refers to the fluctuations in economic activity that an economy experiences over time, characterized by periods of expansion and contraction. These cycles typically consist of four phases: expansion, peak, contraction (or recession), and trough. During expansion, economic indicators such as GDP, employment, and consumer spending grow, while contraction marks a decline in these indicators. Understanding the business cycle helps businesses and policymakers make informed decisions regarding investment, resource allocation, and economic policy.
a recession
Recession! I had this for a test.
a recession or depression