Business Cycle

Business Cycle

        Meaning Of Business Cycle

Business cycle are species of a function in the economic activities of organised economic communities.

         According To J.M Keynes 

A trade cycle is the composed of period of goods trade, it shows price rising and low price and create employment.

         In Other Words

Business cycle is a process by which we create a classical employment in any country.

Business cycle is the price flactuation of any product.

Business cycle is a medium (process) by which consumer and producer established.

Characteristics Of Business Cycle

1. Business cycle are again and again but not periodical.
2. Business cycle is just like ware.
3. Business cycle creates inflation and deflation.
4. Business circle is international problem.
5. Business circle is the index of feasibility of economy.

Kind Of Business Cycle

1. Major circle (Juggler cycle)
2. Minor cycle (Kitchen cycle)
3. long ware cycle
4. Building cycle (Construction)

1. Major circle (Juggler cycle)
   Duration of major cycle from 1857 to 1929-30. It was propounded by KLEAMANT JUGGLER.

2. Minor cycle (Kitchen cycle)
   It is propounded by JOSEPH KITCHEN.

3. long ware cycle
   It was propounded by Russian economist KENDRATIEF.

4. Building cycle (Construction)
   It was propounded by American economist SHUMPETER.