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Term: Business Cycle
Definition: The business cycle refers to the recurring pattern of expansion (growth) and contraction (recession) in the economy of a country. It represents the fluctuations in economic activity, such as production, employment, and overall economic output.
Senses and Usages:
- Noun - Economic Concept: Refers to the natural rhythm or pattern of economic activity that occurs over time, featuring periods of economic growth and decline.
- Example Sentence: The business cycle is influenced by various factors, including consumer spending, investments, and government policies.
- Noun - Local Business Community: Refers to the collective economic cycles experienced by local businesses within a particular region or market.
- Example Sentence: The business cycle in our city's downtown area has been particularly challenging for small retailers this year.
- Noun - Popular Concept: Refers to the general understanding or awareness of the ups and downs in the economy among the public.
- Example Sentence: Understanding the business cycle can help individuals make informed decisions about their investments.
- Adjective - Economic Analysis: Relating to or affected by the business cycle.
- Example Sentence: The company implemented a strategy to adapt to the current business cycle and maintain profitability.
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