key terms
Economic growth is rise in economic activity
Economy is the economic activity carried out by people and businesses in a country
Quarters is the year split into 4 sections like the seasons
Recession is when level of economic growth is negative for two successive quarters
Business cycle is the fluctuations of economic activity over time
Economic activity is the amount of buying and selling that takes place over time
Economy is the economic activity carried out by people and businesses in a country
Quarters is the year split into 4 sections like the seasons
Recession is when level of economic growth is negative for two successive quarters
Business cycle is the fluctuations of economic activity over time
Economic activity is the amount of buying and selling that takes place over time