3 years ago

Describe and illustrate the main features of an economic cycle

Business

1 answer:

Bogdan [553]3 years ago

5 0

Answer:

These are the four main features: Expansion (Boom, Upswing or Prosperity) , Peak (upper turning point) , Contraction (Downswing, Recession or Depression) , and Trough (lower turning point). Here is an illustration to help.

Hope this helped you!

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