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Business Cycle: Phases of A Business Cycle Business Cycle in The Philippines
Business Cycle: Phases of A Business Cycle Business Cycle in The Philippines
Business Cycle: Phases of A Business Cycle Business Cycle in The Philippines
1. EXPANSION
2. PEAK/PROSPERITY
3. RECESSION
4. TROUGH/DEPRESSIO
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1. EXPANSION
- IT IS THE GROWING OF THE ECONOMY
- IN THIS PHASE, THERE IS AN INCREASE IN VARIOUS ECONOMIC FACTORS,
SUCH AS PRODUCTION, EMPLOYMENT, OUTPUT, WAGES, PROFITS, DEMAND
AND SUPPLY OF PRODUCTS, AND SALES.
2. PEAK/ PROSPERITY
- PEAK PHASE REFERS TO THE PHASE IN WHICH THE INCREASE IN GROWTH
RATE OF BUSINESS CYCLE ACHIEVES ITS MAXIMUM LIMIT.
3. RECESSION
4. TROUGH/DEPRESSION