I will pay for the following article The determinants of the crises upon the technology firms in turkey. The work is to be 30 pages with three to five sources, with in-text citations and a reference page. The business cycle or economic cycle refers to the ups and downs seen somewhat simultaneously in most parts of an economy. The cycle involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession). These fluctuations are often measured using the real gross domestic product.

To call those alternances “cycles” is rather misleading as they don’t tend to repeat at fairly regular time intervals. Most observers find that their lengths (from peak to peak, or from trough to trough) vary, so that cycles are not mechanical in their regularity. Since no two cycles are alike in their details, some economists dispute the existence of cycles and use the word “fluctuations” (or the like) instead. Others see enough similarities between cycles that the cycle is a valid basis of studying the state of the economy. A key question is whether or not there are similar mechanisms that generate recessions and/or booms that exist in capitalist economies so that the dynamics that appear as a cycle will be seen again and again.

Now let us closely observe the main types of business cycles enumerated by Joseph Schumpeter and others in this field have been named after their discoverers or proposers:

1. The Kitchin inventory cycle (3-5 years) — after Joseph Kitchin.

2. The Juglar fixed investment cycle (7-11 years) — after Clement Juglar.

3. The Kuznets infrastructural investment cycle (15-25 years) — after Simon Kuznets, Nobel Laureate.

4. The Kondratiev wave or cycle (45-60 years) — after Nikolai Kondratiev.

Edward R Dewey, who formed The Foundation for the Study of Cycles, studied cycles in everything — including economic data.

Leave a Reply

Your email address will not be published. Required fields are marked *