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Business Cycle:
Term used by economists to designate a periodic increase and decrease in an economy’s production and employment. Ever since the Industrial Revolution of the 1800s, the overall level of production in industrialized capitalist countries has varied from high output and employment to low output and employment.
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business cycle
- economic boom and bust: a recurrent cycle of growth, decline, recession, and recovery in the economic activity of a capitalist country
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Early Production at Boeing
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Encarta eLearning Center: Small Business Starter Help
Encarta eLearning Center looks at how educational institutions are helping students plan and start small businesses.
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