A Business Cycle (or Economic Cycle) is the economy-wide fluctuations in production, trade, and general economic activities in businesses. The Business Cycle is recurrent sequences of alternating phases of expansion and contraction in the level of a time series. These fluctuations typically repeated between periods of relatively rapid economic growth and periods of relative stagnation or decline: Expansion/ Booming/ Contraction/ Recession/ Recovery cycles.
Related Definitions in the Project: The Project; Project Management
