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What Is Business Cycle
What Is Business Cycle
The business cycle is also known as the economic cycle or trade cycle. In simple
terms, the business cycle can be interpreted as a series of economic conditions that
occur repeatedly, constantly, and regularly in a certain period. Although repetitive,
the length of the business cycle cannot be predicted or determined with certainty.
The variable used as a measure of the business cycle is the real Gross Domestic
Product (GDP) growth rate.
2. What benefits can business have when he knows the business cycle of his
business ?
we can know and analyze the business depend on the background then develop it
well. Then can put this current business in a better perspective business.