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Economic cycle: Economic cycles are recurrent fluctuations in economic activity characterized by alternating periods of expansion and contraction. These cycles include phases of growth (expansions) and decline (contractions), encompassing fluctuations in production, employment, investment, and consumer spending. See also Economy, Markets, Consumption.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
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Economic Theories on Economic Cycle - Dictionary of Arguments

Mause I 221
Economic Cycle/Economic Theory: In practice, a distinction is not always made between economic cycle and growth.
Def Economic fluctuations: are generally defined as perennial, more or less regular fluctuations in overall economic activity or fluctuations in the degree of utilisation of production potential. (1)
Def Growth: the increase in the production or value added potential of an economy dependent on the available production factors and the increase in factor productivity as a function of technological progress.
Four phases of an economic cycle:
1. downturn (recession)
2. crisis (depression)
3. upswing
4. boom
These terms and the classification are not used uniformly in the literature.
>Economic growth.

1. G. Tichy, Konjunkturpolitik. Quantitative Stabilisierungspolitik bei Unsicherheit, Berlin/ Heidelberg 2008, p. 8.


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Economic Theories
Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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Ed. Martin Schulz, access date 2024-04-28
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