An economy
undergoes periods of expansions followed by periods of contractions. These ups
and downs in economic growth are natural as the economy is basically a
reflection of human behaviour. The business cycle is divided into four phases:
expansion, peak, recession,
undergoes periods of expansions followed by periods of contractions. These ups
and downs in economic growth are natural as the economy is basically a
reflection of human behaviour. The business cycle is divided into four phases:
expansion, peak, recession,