What is another word for economic cycle?

Pronunciation: [ˌiːkənˈɒmɪk sˈa͡ɪkə͡l] (IPA)

The term economic cycle refers to the natural fluctuation of economic activity. In economic terms, it consists of various phases such as recession, recovery, and expansion. However, there are other words that can be used to replace the term economic cycle, and these include business cycle, trade cycle, and market cycle. Business cycle reflects the patterns of economic volatility and changes in productivity, while the trade cycle is a model of economic stability in international trade. Lastly, market cycle refers to the movement of prices in an open and competitive economic system, which depends on various factors such as supply and demand. These synonyms help to understand the concept of economic condition, economic activity, and economic fluctuations in a better way.

What are the hypernyms for Economic cycle?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Economic cycle

  • Over the long term, if government revenues continue to be less than the expenditures (deficit), then the economic health of the country worsens because this will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle.
    Med Jones
  • Over the long term, if government revenues continue to be less than the expenditures (deficit). This will result in accumulated debt. An increasing government debt will result in higher interest payments, and less money available for socioeconomic development. To pay for the debt, the government will have to raise taxes, which will reduce the competitive position of the country in the global economy and chase investors away resulting in less economic activities and more job losses. In order to avoid higher unemployment and social instability, the government have to raise more debt to fund spending and welfare support by raising the interest rate which will increase the cost of money, reduce corporate profits and slow economic investments, thus resulting in more job losses and reduced government revenues, despite income tax increases. It is what I call a vicious economic cycle.
    Med Jones
  • Over the long term, if government revenues continue to be more than expenditures (surplus), then the economic health of the country improves, because the government can afford to invest in development projects such as research and development, education and infrastructure. With more income, the government can also afford to lower taxes, which increases corporate profits and attracts more foreign investors, resulting in more economic activities, creating more jobs and enlarging consumer spending and government revenues despite income tax cuts. It is what I call a virtuous economic cycle.
    Med Jones
  • Over the long term, if government revenues continue to be more than expenditures (surplus), then the economic health of the country is good, because the government can afford to invest in development projects such as research and development, education and infrastructure. With more income, the government can also afford to lower taxes, which increase corporate profits and attracts more foreign investors, resulting in more economic activities, creating more jobs and enlarging the consumer spending and government revenues overall despite income tax cuts. It is what I call a virtuous economic cycle.
    Med Jones

Related words: business cycle, economic development, cycle of economic theory, economic growth, business cycle definition, economic cycle definition, business cycle example

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