What is business cycle? PLS HELP

A business cycle can be defined as a measure of the short-run fluctuations (downswings and upswings) in economic activity such as the rate of employment, level of output (production), sales and revenue over a specific period of time.

Explanation:

A business cycle can be defined as a measure of the short-run fluctuations (downswings and upswings) in economic activity such as the rate of employment, level of output (production), sales and revenue over a specific period of time.

Simply stated, a business cycle is a measure of the periodic but irregular changes (rise and fall) in the gross domestic product (GDP) of a country.

Basically, the business cycle is characterized by four (4) main stages or phases and these are;

I. Recession (contraction).

II. Recovery

III. Growth (Growth)

IV. Decline

The main purpose of a business cycle is to analyze an economy and to make better financial decisions with respect to a country.

explanation:

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