Tööstustsüklite

Tööstustsüklid refer to the cyclical fluctuations in economic activity that characterize industrialized economies. These cycles are a natural and recurring phenomenon, not a sign of permanent decline. They are typically characterized by periods of expansion and contraction.

The expansion phase, often referred to as a boom, is marked by strong economic growth, rising employment, increasing consumer spending, and higher business investment. During this period, industrial production typically increases to meet growing demand.

Following the expansion, an economy usually enters a contraction phase, also known as a recession. This is a period of declining economic activity, characterized by falling employment, reduced consumer spending, and a decrease in business investment and industrial output.

These cycles are influenced by a variety of factors, including changes in consumer and business confidence, monetary and fiscal policy, technological advancements, and global economic conditions. The length and intensity of these cycles can vary significantly. Understanding tööstustsüklid is crucial for policymakers, businesses, and investors to anticipate economic shifts and make informed decisions.