
It involves the economy witnessing a boom in production over a certain period of time and shifting to a recession during some other period of time characterized with low gear Economic activities Economic growth is not a ravisher occurrence but rather involve fluctuations that are exhibited by dint of the business cycle . Therefore during growth , an economy would march on to the following fluctuations an expansion , a peak , contraction (recession , and a trough (low point The diagram below illustrates the fluctuations in a business cycleThere are various economic variables that are bind as po wers of business cycle . Among them is the G! ross Domestic growth (GDP . However it has been argued that GDP which is a quick and simple indicator of a contraction in an economy and that it does not...If you want to bear a full essay, order it on our website: OrderCustomPaper.com
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