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Answer Posted / shiv gupta
Trade cycle Or Business is a part of the capitalist system.
it refers to the phenomenon of cyclical booms and
depression. In a business cycle there are wave - like
fluctuation in aggregate employment income output and price
level. The term business cycle has been defind in various
ways by different econolisit.
| Is This Answer Correct ? | 4 Yes | 16 No |
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