Business Cycle

Description of Business Cycle. Explanation.

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Definition Business Cycle. Description.

A Business Cycle refers to the fluctuations in the rate of economic growth that take place in the economy.

These fluctuations appear to occur at more or less regular time intervals (every five years or so). Many governments try to dampen the effects of the business cycle and get more balanced long-term growth, but so far with limited success. The peak of the business cycle is usually referred to as a boom, and the trough as a recession or depression. Since no two cycles are alike in their details, some economists dispute the existence of cycles and use the word "fluctuations" (or the like) instead.

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End of description Business Cycle. An explanation.