Authors :
Trisha.S; Angel Samson
Volume/Issue :
Volume 7 - 2022, Issue 12 - December
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3YQtV04
DOI :
https://doi.org/10.5281/zenodo.7480840
Abstract :
Due to the enormous increase in company
production in modern times, industries need more
laborers, which drives up production costs, frees up more
cash so that companies can invest in growth. Similar to
this, if corporate production slows down, so does
employment and investment in expansion. This
emphasizes the idea of a business cycle, which is the longterm downward and upward oscillations in the economy's
productivity level and natural growth rate. Due to rising
globalization, business cycles across nations synchronize
more frequently than they did in the past. Individuals
may form life opinions, investors can form financial
opinions, and governments can form useful policy ideas
by understanding the many economic cycle phases. A
business cycle's duration is the time frame that includes
one expansion followed by one compression. The four
phases of a full business cycle are expansion, peak,
compression, and trough. With the use of a successful
model called the "Sunspot model," the phases and causes
of the business cycle are explained for further analysis.
Keywords :
Business Production, Growth Rate, Globalization, Economic Cycle and Sunspot Model
Due to the enormous increase in company
production in modern times, industries need more
laborers, which drives up production costs, frees up more
cash so that companies can invest in growth. Similar to
this, if corporate production slows down, so does
employment and investment in expansion. This
emphasizes the idea of a business cycle, which is the longterm downward and upward oscillations in the economy's
productivity level and natural growth rate. Due to rising
globalization, business cycles across nations synchronize
more frequently than they did in the past. Individuals
may form life opinions, investors can form financial
opinions, and governments can form useful policy ideas
by understanding the many economic cycle phases. A
business cycle's duration is the time frame that includes
one expansion followed by one compression. The four
phases of a full business cycle are expansion, peak,
compression, and trough. With the use of a successful
model called the "Sunspot model," the phases and causes
of the business cycle are explained for further analysis.
Keywords :
Business Production, Growth Rate, Globalization, Economic Cycle and Sunspot Model
