Pharmaceuticals, food, and other necessities would be good performers during the contraction stage of the business cycle.
What is meant by the business cycle?
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
What is a business cycle and why is it important?
Understanding business cycles is crucial for success while running a business. A business cycle is the measured expansion and contraction of economic growth over a given time period. It is also referred to as a trade or economic cycle. Business owners can make wise judgments if they have a thorough understanding of business cycles.
Learn more about business cycle: https://brainly.com/question/4511868
#SPJ4
