Trade types of cycle distinguished by Schumpeter
What are the trade types of cycle distinguished by Schumpeter?
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Schumpeter distinguished three types of trade cycle as given below:
1. Short Kitchin Cycle:
It is the period of this cycle is very short, around four month’s duration.
2. Longer juglar cycle: Such cycle has average 9.5 years duration.
3. Very long Kondratief Wave: This takes more than fifty years to run its course.
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