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Business Cycle It refers to phenomenon of cyclical booms and depressions. According to Keynes “ A trade cycle is composed of periods of good trade characterised by rising prices and low unemployment percentages, altering with periods of bad trade characterised by falling prices and high unemployment percentages.
Phases of a Business cycle ,[object Object],[object Object]
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Hawtrey’s Monetary theory of Business cycle ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Schumpeter’s Theory of innovations ,[object Object],[object Object],[object Object],[object Object],[object Object]
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Business cycle

  • 1. Business Cycle It refers to phenomenon of cyclical booms and depressions. According to Keynes “ A trade cycle is composed of periods of good trade characterised by rising prices and low unemployment percentages, altering with periods of bad trade characterised by falling prices and high unemployment percentages.
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.