Recovery
A period of economic growth is an economic boom
Expansion
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
increasing taxes on business and individuals
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
A period of economic growth is an economic boom
Expansion
Expansion
One can find the definition of economic recovery at Wikipedia. Economic recovery is a period of increasing business activity that signals the end of a recession. Therefore economic recovery is when economic growth turns from negative to positive.
increasing taxes on business and individuals
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
The period of decline refers to a phase in the business cycle where economic activity slows down, employment decreases, and consumer confidence weakens. During this phase, production and investment decline, leading to decreased economic growth. It is often followed by a recession if the decline sustains over a prolonged period.
One factor that did not contribute to the growth of the South's population during the 1970s was economic growth. While economic growth can often attract people to an area and contribute to population growth, the South experienced slower economic growth compared to other regions during this time period. Factors such as increasing job opportunities and favorable business conditions were not as prominent in the South during the 1970s, which limited its population growth.
Recession means decrease in the employment rate, investment rate, profit rate of the economy, Idea of a downswing/downturn in a business or trade cycle. The Economic growth will be negative. If the recession period increase then this will be called depression.
A boom is a period of rapid economic growth, prosperity.
Recession
Answer is: [A recurring cycle of booms and busts, recoveries and recessions] (Go Apex Kids;)Business cycle (trade cycle) refers to the fluctuations in economic activities due to the changes in the economic variables like employment, income, output, prices etc.The definition of a business cycle is " a cycle or series of cycles of economic expansion and contraction."a period of economic growth followed by economic contraction (gp)