MCQ
Prosperity, Recession, and depression in a business is an example of:
- AIrregular Trend
- BSecular Trend
- ✓Cyclical Trend
- DSeasonal Trend
✓
Answer
Correct option: C.
Cyclical Trend
(C) Cyclical Trend
Explanation: There are 4 phases through which trade cycles are passed. They are prosperity, reces sion, depression, and recovery. In economic terms, these 4 stages are called economic fluctuations.
Explanation: There are 4 phases through which trade cycles are passed. They are prosperity, reces sion, depression, and recovery. In economic terms, these 4 stages are called economic fluctuations.
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