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Meaning of “business cycle” in the English Dictionary

"business cycle" in Business English

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business cyclenoun [C]

uk   us   (also economic cycle, also trade cycle)
ECONOMICS, FINANCE a ​period during which a country's ​economy goes from ​growth to recession (= a ​time when ​businessconditions are ​bad) and back to ​growth: The typical ​businesscycle is three to five ​years. We hope to ​maintain a ​budgetsurplusright through the ​presentdownturn in the ​businesscycle.
(Definition of business cycle from the Cambridge Business English Dictionary © Cambridge University Press)
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