Introduction to Economic Stages
What you'll learn to do: identify and explain the four stages of an economy (expansion, peak, contraction, and trough), and describe their impact on business operations
Spring, summer, fall and winter: the four seasons of the year. Expansion, peak, contraction, trough: the four seasons of an economy. In this next section you’ll learn about the cyclical nature of economies and how each of these “seasons” affects business operations.Licenses and Attributions
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