Business are fundamental elements of the economy globally. They play their part to strengthen the economy of the state. Business can be small to large size, an example of a business can be a home industry to a farmhouse, a clothing brand, automobiles company, fan industry or a hardware industry. All kind of businesses faces ups and downs during their life course. They may face ups and downs, then fall and rise again, This is what we call Phases of Business Cycle.When this kind of ups and downs … [Read more...] about 5 Phases of Business Cycle – 2 Types of Cycle