Business Cycle - Revision history

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User: The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession.

2018-12-05T21:57:37Z

The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession.

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The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>

'''The Phases of the Business Cycle'''<ref>What are the phases of Business Cycle? [http://economics.about.com/cs/studentresources/f/business_cycle.htm about.com]</ref><br />
While no two business cycles are exactly the same, they can be identified as a sequence of four phases that were classified and studied in their most modern sense by American economists Arthur Burns and Wesley Mitchell in their text Measuring Business Cycles. The four primary phases of the business cycle include:
*1. Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices. The period marked from trough to peak.
*2. Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction.
*3. Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth, high unemployment, and declining prices. It is the period from peak to trough.
*4. Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.
These four phases also make up what is known as the "boom-and-bust" cycles, which are characterized as business cycles in which the periods of expansion are swift and the subsequent contraction is steep and severe.

[[File:Business Cycles Graph 1.JPG|500px|Business Cycles Graph]]<br />
source: [http://www.higherrockeducation.org/glossary-of-terms/business-cycle|Higher Rock Education]

===References===
<references />

===Further Reading===
*Explanation of the Business Cycle & Its Stages [http://smallbusiness.chron.comhttp://www.economicshelp.org/blog/386/economics/causes-of-business-cycle/explanation-business-cycle-its-stages-65772.html Chron]
*Causes of Business Cycle [http://www.economicshelp.org/blog/386/economics/causes-of-business-cycle/ Economics Help]
*International Business Cycle Dates [https://www.businesscycle.com/ecri-business-cycles/international-business-cycle-dates-chronologies BusinessCycle]

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 *International Business Cycle: The business cycle is not limited to individual countries but can also affect the global economy. Economic interconnectedness and trade relationships mean that economic fluctuations in one country can spill over to others through trade, investment, and financial channels. Global economic events, such as recessions or financial crises, can amplify the impact of the business cycle on businesses and economies worldwide.
 *Economic Forecasting: Understanding the business cycle is essential for economic forecasting and risk management. Businesses, policymakers, and investors use economic indicators and forecasting models to anticipate changes in the business cycle and adjust their strategies and decisions accordingly.
 *[[External Environment]]

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-The '''business cycle''' is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
+The '''[[business]] cycle''' is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
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 == See Also ==
 *[[External Environment]]

← Older revision		Revision as of 12:03, 19 January 2023
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	== See Also ==		== See Also ==
−		+	*[[External Environment]]

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-The '''[[Business|business]] cycle''' is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
+The '''business cycle''' is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
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 == See Also ==
-*[[Business Strategy]]

@@ Line 1: / Line 1: @@
-The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
+The '''[[Business|business]] cycle''' is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession. During expansions, the economy is growing in real terms (i.e. excluding inflation), as evidenced by increases in indicators like employment, industrial production, sales and personal incomes. During recessions, the economy is contracting, as measured by decreases in the above indicators. Expansion is measured from the trough (or bottom) of the previous business cycle to the peak of the current cycle, while recession is measured from the peak to the trough. In the United States, the National Bureau of Economic Research (NBER) determines the official dates for business cycles.<ref>What is a Business Cycle? [http://www.investopedia.com/terms/b/businesscycle.asp Investopedia]</ref>
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 == See Also ==
-[[Business]]<br />
+*[[Business Strategy]]
-[[Business Activity]]<br />
+*[[Business Activity]]
-[[Business-to-Business (B2B)]]<br />
+*[[Business Application]]
-[[Business Application]]<br />
+*[[Business Mission]]
-[[Business Mission]]<br />
+*[[Business Vision]]
-[[Business Vision]]<br />
+*[[Business Model]]
-[[Business Model]]<br />
+*[[Business Goals]]
-[[Business Goals]]<br />
+*[[Business Objective]]

@@ Line 14: / Line 14: @@
-===References===
 <references />
-===Further Reading===
+==Further Reading==
 *Explanation of the Business Cycle & Its Stages [http://smallbusiness.chron.comhttp://www.economicshelp.org/blog/386/economics/causes-of-business-cycle/explanation-business-cycle-its-stages-65772.html Chron]
 *Causes of Business Cycle [http://www.economicshelp.org/blog/386/economics/causes-of-business-cycle/ Economics Help]
 *International Business Cycle Dates [https://www.businesscycle.com/ecri-business-cycles/international-business-cycle-dates-chronologies BusinessCycle]