The contraction or recession phase follows the peak stage. The business cycle analysis is more important to know in the business sector. The declining stage occurs when producers don't notice the decrease in demand and continue producing the product. All economic indicators consequently start to fall.
The contraction or recession phase follows the peak stage. The business cycle analysis is more important to know in the business sector. The declining stage occurs when producers don't notice the decrease in demand and continue producing the product. All economic indicators consequently start to fall.
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