What Are The 4 Phases Of The Business Cycle

KEY TAKEAWAYS Business cycles are identified as having four distinct phases.

What are the 4 phases of the business cycle. Business cycle is identified by the four phases namely. The peak stage of the business cycle follows an expansion phase. Figure-2 shows the graphical representation of different phases of a business cycle.

The cycle has an upward trend and is made up of periods of economic expansions and recessions. The four primary phases of the business cycle include. During business cycle expansion the economy is growing.

Peak trough contraction and expansion. The four primary phases of the business cycle include. The other phases that are expansion peak trough and recovery are intermediary phases.

The business cycle centres around Gross Domestic Product and its relative growth or decline. View Business Growth Cycledocx from SOCIAL STUDIES 101 at Lennox High School - 01. A speedup in the pace of economic activity defined by high growth low unemployment and increasing prices.

Expansion Represents a Period of Growth. Economic business cycles are relatively unpredictable because they occur at irregular intervals in time. What Are the Four Stages of the Business Cycle.

Key Takeaways The business cycle goes through four major phases. In this lesson summary review and remind yourself of the key terms concepts and graphs related to the business cycle. After the peak point is reached there is a declining phase of recession followed by a depression.