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- How will you differentiate the 4 stages of the business cycle?
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- Differentiate the four phases of business cycle. Explain each phase with the help of diagram.During a certain period of time, the economic growth of a country is reflected through some phases of the economic cycle. What is a business cycle? Explain. What are the four phases of the business cycle? Explain each one. Do the four phases have a certain order? Explain your answer. Does an economic cycle have a specific period of months or years? Explain your answer.What is meant by Business Cycle? Identify the fiscal and monetary policies normally taken by Governments to revive economy from slowdown/depression.