Kjøpssalgssyklusen
Kjøpssalgssyklusen, also known as the business cycle or economic cycle, is a recurring pattern of expansion and contraction in the economy. It is characterized by four distinct phases: expansion, peak, recession, and trough. The cycle begins with an expansion phase, where economic growth is strong, and businesses are thriving. This is followed by a peak, where economic activity reaches its highest point. After the peak, the economy enters a recession, characterized by a slowdown in economic growth and increased unemployment. The cycle concludes with a trough, where the economy reaches its lowest point before starting to recover and enter a new expansion phase.
The duration of each phase can vary, but on average, a complete cycle takes about 5-7 years.
The business cycle has significant implications for businesses, consumers, and policymakers. For businesses, the cycle can
To manage the business cycle, policymakers often use a variety of tools, such as monetary policy, fiscal