Business and the Trade Cycle

The economy tends to experience different trends. These can be categorised as the trade cycle and may feature boom, slump, recession and recovery

BOOM: ………………………………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………………………………………………………….…..

SLUMP: ………………………………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………………………………………………………….…..

RECESSION: ………………………………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………………………………………………………….…..

RECOVERY: ………………………………………………………………………………………………………………………………………………………………..………………………………………………………………………………………………………………………………………………………….…..

What Happens in a Boom?

What Happens in a Recession?