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Definition of cyclical in economics and a example
ECONOMICS

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In economics, cyclical behavior is the movement of economic conditions repeating itself over time in boom-and-bust cycles. For example, during times of economic prosperity, businesses may hire more workers, increase their production output and take on large capital projects. Eventually, when there is an economic downturn, businesses may cut back on these activities, leading to a decrease in the number of workers and production output. In this way, economic activity follows a cyclical pattern.

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