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15 October, 05:17

The term economic cycle refers to what? How does it impact a business?

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  1. 15 October, 06:41
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    Refers to the oscillation of production

    Explanation:

    The term economic cycle refers to the movements of prosperity and decay in economic activity (GDP), that is, the alternations that occur between periods of growth and economic recession over time. Cycles affect business, because in a prosperous period the business environment generates higher returns, while in the recession phase it becomes unfavorable due to the unstable environment.
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