business cycle
Pronunciation
/bˈɪznəs sˈaɪkəl/

Definition & Meaning of "business cycle"in English

Business cycle
01

the rhythmic pattern of economic growth and decline, consisting of phases such as expansion, peak, contraction, and trough

Grammatical Information
Animacy status
Inanimate
Plural form
business cycles
Examples
During an economic expansion phase of the business cycle, consumer spending tends to rise, leading to increased production and job opportunities.
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