Business cycles are characterized by boom in one period and collapse in the subsequent period in the economic activities of a country. ... These fluctuations in the economic activities are termed as phases of business cycles. The fluctuations are compared with ebb and flow.
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Answer:
Business cycles are characterized by boom in one period and collapse in the subsequent period in the economic activities of a country. ... These fluctuations in the economic activities are termed as phases of business cycles. The fluctuations are compared with ebb and flow.
Explanation:
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