Business Cycle

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  • Business Cycle
    • What is economic activity?
      • Refers to amount of buying and selling that takes place between businesses and consumers in a period of time. If this rises it is known as economic growth.
    • What is the business cycle?
      • Refers to fluctuations in a level of economic activity over time businesses are affected by the business cycle in different ways. a business selling essentials such as food will not be as affected as a business selling luxuries such as selling cars or cruise holidays.
    • What happens in a boom?
      • Strong increase in a economic activity.
    • What happens in a recession.
      • When economic growth in negative.


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