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Monetary Economics — Economics STD 12 — Question

Tamilnadu BoardEnglish MediumSTD 12EconomicsMonetary Economics3 Marks
Question
What is the meaning of trade cycle?
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Answer

Meaning of Trade Cycle:
  1. A Trade cycle refers to oscillations in aggregate economic activity particularly in employment, output, income, etc.
  2. It is due to the inherent contraction and expansion of the elements which energize the economic activities of the nation.
  3. The fluctuations are periodical, differing in intensity and changing in its coverage.

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