What does Business Cycle mean？

Business cycle refers to the natural pattern of expansion and contraction in economic activity, which occurs over time. It is characterized by periods of growth, peak, contraction, and trough, which repeat themselves over time. The business cycle is affected by various factors such as changes in consumer demand, interest rates, government policies, and global economic conditions. Understanding the business cycle is important for businesses and policymakers to make informed decisions about investments, employment, and economic policies.