What is Trade Cycle? Meaning
The alternating periods of expansion and contraction in the economic activity has been called business cycles or trade cycles.Image Credits © Havayolu101.The period of high income, high output and high employment is called as the Period of Expansion, Upswing or Prosperity.The period of low income, low output and low employment is called as the Period of Contraction,
Saturday, 16 July 2011
What is Trade Cycle? Meaning Definition Features and Types
Posted on 10:30 by Unknown
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