Concept of Trade Cycle

The trade cycles or business cycles are an important feature of the capitalist economies. Trade cycle refers to the regular fluctuations in economic activity in the economy as a whole. The expansions, recessions; contractions and revivals of aggregate economic activity occur and recur in an unchanged sequence. In brief, the fluctuations in economic activity are […]

TRADE CYCLE

Concept of Trade Cycle The trade cycles or business cycles are an important feature of the capitalist economies. Trade cycle refers to the regular fluctuations in economic activity in the economy as a whole. The expansions, recessions; contractions and revivals of aggregate economic activity occur and recur in an unchanged sequence. In brief, the fluctuations […]