Business cycle theory can also be referred to as the economic cycle.

But in simple terms, the

business cycle theory can be interpreted as a series of conditions on an economy of scale
that occurs repeatedly, constantly, and regularly within a certain period.

Even though it is repeated, the length of the business cycle cannot be measured or
determined with certainty. The variable used as a benchmark for the business cycle is the
growth rate of real gross domestic product (GDP).

The most comprehensive measure of overall economic performance is gross domestic

product or GDP, which measures the "output" or total market value of goods and services
produced in the domestic economy during a particular period time. GDP is probably the best
measure of the overall condition of the economy because it includes the output of all
sectors of the economy.

So, I agree that business cycle is the most powerful tool to measure economic performance.