Ca foundation Notes for Economics

Best of luck Ca foundation students for tommorw's paper I hope you will all get more than 90 marks in Eco and Bck.
So if I get more support then I will submit more notes for you

Business Cycle

1.Do not exihibit same regularity.

2.4 distinct phases:

    Peak

    Expansion

    Contraction

     Trough

3.Originate in free market

4.Pervassive

5.All sectors are affected by bussiness cycles but sectors such as capital goods,consumer durable goods are disapproportionately affected.

6.Industrial sector more prone to trade cycle.

7.Complex phenomena

8.Do not have uniform characteristics and caused by varying factors.

9.Difficult to make prediction 

10.Repercussions felt on all economic variables.

11.Contagious and international in character.

12.Serious consequence on well being of society.