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Business Cycle
Presented by – Narender Saharan
Topics Definition Of Business Cycle Features Of Business Cycle Phases Of Business Cycle
Business Cycle Definition:
Acc. To KEYNES, “A Buss. Cycle is composed of a period of good trade characterized by rising prices & low employment percentage, alternating with a period of bad trade characterized by falling prices & high unemployment percentage.”
Business Cycle Features: A Buss. Cycle exhibits a wave like
movement. The gap between Prosperity & Depression. Downward movement is quicker & upward movement is slower. Buss. Cycles are International in character.
Business Cycle Phases: Prosperity Recession Depression Recovery
Business Cycle Prosperity: Ideal for Business. Demand grows & Economy
expands. New products introduced & Markets are created. Rapid rise in incomes of people & people increase their consumption.
Business Cycle Recession: It is contraction phase of Buss.
Cycle. Decline in country’s GDP. Decline in Prices, Demand, Investment, Employment.
Business Cycle Depression: GDP of a country drops by at least
10% It is a result of Recession for a long period. Decline in Production, Employment, general Price level, Profits of producers & traders.
Business Cycle Recovery:
Rise in: Demand for Consumption goods Investments Employment Income Production
Presented by – Narender Saharan
Topics Definition Of Business Cycle Features Of Business Cycle Phases Of Business Cycle
Business Cycle Definition:
Acc. To KEYNES, “A Buss. Cycle is composed of a period of good trade characterized by rising prices & low employment percentage, alternating with a period of bad trade characterized by falling prices & high unemployment percentage.”
Business Cycle Features: A Buss. Cycle exhibits a wave like
movement. The gap between Prosperity & Depression. Downward movement is quicker & upward movement is slower. Buss. Cycles are International in character.
Business Cycle Phases: Prosperity Recession Depression Recovery
Business Cycle Prosperity: Ideal for Business. Demand grows & Economy
expands. New products introduced & Markets are created. Rapid rise in incomes of people & people increase their consumption.
Business Cycle Recession: It is contraction phase of Buss.
Cycle. Decline in country’s GDP. Decline in Prices, Demand, Investment, Employment.
Business Cycle Depression: GDP of a country drops by at least
10% It is a result of Recession for a long period. Decline in Production, Employment, general Price level, Profits of producers & traders.
Business Cycle Recovery:
Rise in: Demand for Consumption goods Investments Employment Income Production
