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business cycle
Sign in to saveAlso known as economic cycle, trade cycle, boom-and-bust cycle, economic fluctuation
fluctuation in the degree of utilization of the production potential of an economy
In the Vinony graph
Vinony's link graph records 1,266 inbound references to business cycle, and connects out to capitalism, financial crisis and economic indicator.
It sits within the topics Business cycle, Business cycle theories and Capitalism.
Vinony links it to 44 Wikipedia language editions.
Wikidata facts
- Instance of
- economic theory
- Has part
- depression
Show 3 more facts
- topic's main category
- Category:Business cycle
- Commons category
- Business cycle
- P8168
- Ezekiel Alebua
via Wikidata · CC0
~40 min read
Encyclopedic overview
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 many definitions of a business cycle. The simplest defines recessions as two consecutive quarters of negative GDP growth. More satisfactory classifications are provided first by including more economic indicators and second by looking for more data patterns than the two quarter definition. In the United States, the National Bureau of Economic Research oversees a Business Cycle Dating Committee that defines a recession as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."
Excerpted from Wikipedia’s “business cycle” article, available under the CC BY-SA 4.0 licence.