List the phases of the business cycle and describe how the different phases begin and end

Business undergoes a 4 phase cycle namely, a. Expansion b. Saturation c. Recession d. Depression

Explanation:

Business cycle or trade cycle is the representation of ebb and flow of GDP (Gross Domestic Product) on a long run. Every business undergoes boom and bust stages. National Bureau of Economic Research evaluates the economic cycle stages with the help of GDP growth rates.

The first phase expansion is the stage when business advances to the peak (higher level). Saturation phase is when the business stays in the neutral position. The phase when it degrades from the saturation to trough is known as Recession period and finally when the economy cannot be expanded then it attains the stage of depression.

in his book, the riddle of the rosetta stone, james giblin talks about how there was a young british polymath and physician named thomas young who made a lot of advances on the deciphering of the rosetta stone. he says that even though young made a lot of mistakes because he was working under false assumptions, he also made huge contributions like deciphering three out of the seven symbols (more than anyone else before him). young published his findings and continued his good work but he wasn't able to progress much further due to some unfavorable situations, he still laid the basis for many other scholars and of course for the man who has been generally known to have deciphered it, jean-françois champollion

eiffel tower

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