♻️Economy/Business Cycle
🔄The overall state of the economy as it goes through 5 stages in a cyclical pattern:
1⃣Expansion(Prosperity)=
Everything is going well stead,investment is boomin,high employment,production,salesp
2⃣ PEAK=maximum level of growth,the economy have achieved its highest potential,prices are high & began to reverse to it's downfall
3⃣contraction(Recession)=
unemployment rises,production slows down,incomes,sales,investment declines
4⃣Trough(Depression)=
Economic growth continues to decline to it's worst,trade,investment,declines as every thing is to it's lowest.
5⃣Recovery=The economy starts to turn around demand is starting to go up as a result investment is growing,sales,employment stats to increase....
#Business_Economics
🔄The overall state of the economy as it goes through 5 stages in a cyclical pattern:
1⃣Expansion(Prosperity)=
Everything is going well stead,investment is boomin,high employment,production,salesp
2⃣ PEAK=maximum level of growth,the economy have achieved its highest potential,prices are high & began to reverse to it's downfall
3⃣contraction(Recession)=
unemployment rises,production slows down,incomes,sales,investment declines
4⃣Trough(Depression)=
Economic growth continues to decline to it's worst,trade,investment,declines as every thing is to it's lowest.
5⃣Recovery=The economy starts to turn around demand is starting to go up as a result investment is growing,sales,employment stats to increase....
#Business_Economics