The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
Similarly, a period of recession occurs at the start of the contraction phase.
expansion
One phase of business cylce grows out of the preceding phase.
This is called a 'recession.'
The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
Similarly, a period of recession occurs at the start of the contraction phase.
Recession phase
expansion
One phase of business cylce grows out of the preceding phase.
This is called a 'recession.'
This is called a 'recession.'
in recession
The instruction phase together with the execution phase is called a "Machine Cycle".
The GDP will grow.
expansion phase
It is the Ana Phase. It is the shortest phase