Business cycle (经济周期 jīng jì zhōu qī) refers to a cycle of economic activity alternates between the phase of expansions and contractions due to the natural rise and fall of economic growth over time.
Part 1: Breakdown of Words
- In this phrase, “business” has been translated into “经济” (jīng jì). But in most cases, the corresponding translation of “经济” (jīng jì) is “economy”.
- “Cycle” (周期 zhōu qī) as in “life cycle” (生命周期 shēng mìng zhōu qí).
Part 2: Examples
- Business cycle stages (经济周期阶段 jīng jì zhōu qī jiē duàn).
- Business cycle theory (经济周期理论 jīng jì zhōu qī lǐ lùn).