Answer:
A business cycle includes the following:
1. Recession
2. Trough
3. Recovery
4. Expansion
Explanation:
A business cycle includes the following:
1. Recession
2. Trough
3. Recovery
4. Expansion
The characteristics of the expansion areas follows:
1. Economic Growth
2. Upward pressure on prices
A business cycle affects various sectors of a firm and an economy.
A business cycle refers to a tool that can be utilized to analyze the economy to make various financial decisions.
