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What are the features of phases of business cycle

What are the features of phases of business cycle?

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A phase of business cycle consists of following term as in given below:

Boom: It is also termed as prosperity phase.

Recession: When the economy reaches the peak- then the course changes.

Depression: Both underemployment men and material is the characteristics of such phase.

Recovery: The depression phase on it’s during then given method to recovery.

1810_features of phases of business cycle.png

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