The trade cycle is a term used to describe the various fluctuations that occur in the economy. These fluctuations and their characteristics are:
Boom: In this phase, there is fast growth in economy and demands and outputs are high. There are investments and low unemployment
Decline: The output becomes low … Read more
Boom: In this phase, there is fast growth in economy and demands and outputs are high. There are investments and low unemployment
Decline: The output becomes low … Read more