Explain the Four Phases of Business Cycle
Words: 303 1745Cracking the code of the business cycle feels a bit like trying to predict the weather—just when you think you've got it figured out, a curveball comes your way. But just like weather forecasts, understanding the business cycle gives us a rough guide on what to expect in the economy. Think of it as the economy’s heartbeat, with four distinct beats: expansion, peak, contraction, and trough. During expansion, it's all systems go. The economy's buzzing—businesses are churning out goods, hiring […]