trade cycle


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trade cycle

or

business cycle

fluctuating phases in the working of the capitalist economy. Periods of expansion of economic activity (recovery or boom) are followed by periods of slow-down or contraction (recession or depression) as economic demand and rates of profit fall. See also ECONOMIC CRISES, LONGWAVE THEORY.
References in periodicals archive ?
A similar facility like exporters whether they can borrow in PCFCs (Packing Credit for Foreign Currency) should be allowed to the importer to avail loan from the banks locally in foreign currency as per their trade cycle and pay to their international suppliers," suggested by Khaitan.
He says BNZ can offer Trade and Inventory financing to cover a firm's full trade cycle and Asset Finance and Term Debt options for capital items.
Since the autocatalytic trade cycle argument revolves around innovation, it is expected that more good categories which are experiencing major changes due to innovation will have more important autocatalytic trade cycles.
In recent years, British manufacturers have increasingly sought new customers overseas, where cash flow can be distorted by erratic demand and long trade cycles.
These are his 1934 paper on the nature of equilibrium theorising; two pieces from 1939, on the compensation principle in welfare economics and on money, finance and the consequences of speculative behaviour; and the 1940 paper setting out his Keynesian model of the trade cycle.
Yet, the authors admit, "Hayek, himself, was not entirely successful" in "[d]elineating in a simple and understandable way a complete trade cycle which depends on the interaction of capital and monetary phenomena.
So, it's still going to be some time before the complete trade cycle evolves into a paperless transaction.
There will probably always be a pig trade cycle but the Mark should help cushion the extreme effects of the cycle and impart an element of stability to the whole industry.
On the one hand, the full cost principle seems to have contributed to Harrod's decision to abandon his attempt, in The Trade Cycle (1936), to use the price mechanism to explain how the macro-dynamic factors determining the oscillations of the magnitudes relating to the economic system as a whole are transmitted to the individual's decisions to expand or contract output.
Schumpeter's magnum opus on Business Cycles (1939) was concerned with the two- to three-year Kitchin inventory cycle, the ten-year Juglar trade cycle, and the fifty- to sixty-year Kondratieff wave.
The trading system is a pure-agency model that seeks to add value through technology at each stage of the trade cycle.
Usually, the trade cycle in ForEx varies from 4 to 24 hrs for importer or exporters.