a recurrent fluctuation in the total business activity of a country.
Origin of business cycle
First recorded in 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
mainly US and Canadian the recurrent fluctuation between boom and depression in the economic activity of a capitalist countryAlso called: trade cycle
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
A period during which business activity reaches a low point, recovers, expands, reaches a high point, decreases to a new low point, and so on.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.