It describes government measures to stimulate demand and bring about a recovery. Each is critical to your ongoing success, and each brings unique opportunities and challenges that require you to make critical decisions. A peak is the highest point of the business cycle, when the economy is producing at maximum allowable Let’s look at the first approach to business growth. February 4, 2009 Which statement best explains this passage? It help to take the financial decisions. The federal is used to manger the cycle of the monetary policy. Initially, a 7-year economic cycle was first identified by French economist, Clement Jaguar, in 1860, although he said that it can last as long as 11 years. The business cycle help to track the growth and loss of the business by analyzing the economy. The business cycle goes through four different phases and that are expansion, contraction, peak, and trough. It describes government measures to increase production and bring about a depression. These four stages of a business cycle are experienced by every business, big or small, though not necessarily in the same order. The standard four stages of business life cycle include a Renewal or Decline Phase, in which the company can branch out into gradual decline or renew itself to adapt with the changing times. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices. 4 Company Growth Stages. Prosperity Phase. Often, the final stages of a business are not the responsibility of the business … Asides knowing how the four phases of the business cycle work, there is no generally accepted agreement as to how long a business cycle lasts. The four phases of a business cycle are briefly explained as follows :-1. Sometimes the business flourishes and gains maximum profits, while at times the business is on the verge of a complete meltdown. No business stays the same forever. The four primary phases of the business cycle include: Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices. Explanation of Four Phases of Business Cycle. In the business cycle there will be four phase : Peak, Expansion, Contraction and trough. Yours will undergo a continual evolution, transforming from an idea to a full-fledged company.In the process, your startup will go through various life-cycle stages. This period is termed as Prosperity phase. Key Stages of the Business Cycle. Discover how to identify which stage of the life cycle your small business is in, what unique challenges you’ll need to overcome and how to continue to evolve. Reading Time: 4 minutes (Last Updated On: February 17, 2019) Every growing entity, be it human, animal, plant or a business, needs to be nurtured and nourished according to age and stage. The period marked from trough to peak. 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