Business Cycle
- Created by: lukemorton12
- Created on: 20-04-16 14:08
View mindmap
- Business Cycle
- What is economic activity?
- Refers to amount of buying and selling that takes place between businesses and consumers in a period of time. If this rises it is known as economic growth.
- What is the business cycle?
- Refers to fluctuations in a level of economic activity over time businesses are affected by the business cycle in different ways. a business selling essentials such as food will not be as affected as a business selling luxuries such as selling cars or cruise holidays.
- What happens in a boom?
- Strong increase in a economic activity.
- What happens in a recession.
- When economic growth in negative.
- What is economic activity?
Similar Business Studies resources:
Teacher recommended
Comments
No comments have yet been made