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- Dictionarybusi·ness cy·cle/ˈbiznis ˈsīkəl/
noun
- 1. a cycle or series of cycles of economic expansion and contraction.
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noun
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Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are numerous specific definitions of what constitutes a business cycle. The simplest characterization comes... Wikipedia