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Describe the actual business cycle​
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7 votes
Describe the actual business cycle​

User Grilix
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1 Answer

13 votes
13 votes

Answer:

A business cycle includes the following:

1. Recession

2. Trough

3. Recovery

4. Expansion

Step-by-step explanation:

A business cycle includes the following:

1. Recession

2. Trough

3. Recovery

4. Expansion

The characteristics of the expansion areas follows:

1. Economic Growth

2. Upward pressure on prices

A business cycle affects various sectors of a firm and an economy.

A business cycle refers to a tool that can be utilized to analyze the economy to make various financial decisions.

User Arthur Edelstein
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