What you’ll learn to do: explain the effect that the four stages of an economy (expansion, peak, contraction, trough) have on business operations

Spring, summer, fall and winter: the four seasons of the year.  Expansion, peak, contraction, trough: the four seasons of an economy.  In this next section you’ll learn about the cyclical nature of economies and how each of these “seasons” affects business operations.

LEARNING ACTIVITIES

The learning activities for this section include:

• Reading: The Business Cycle: Definition and Phases
• Self Check: Stages of an Economy

Take time to review and reflect on this activity in order to improve your performance on the assessment for this section.