Trough (economics)

Economics
A supply and demand diagram, illustrating the effects of an increase in demand.
Index Outline Category
History Types Classification
History of economics Economic history (academic study) Schools of economics Microeconomics Macroeconomics Methodology Heterodox economics JEL classification codes
Concepts Theory Techniques
Econometrics Economic growth Economic system Experimental economics Mathematical economics Game theory Post-scarcity Market National accounting
By application
Agricultural Behavioral Business Computational Cultural Demographic Development Digitization Ecological Education Environmental Evolutionary Expeditionary Geography Health Industrial organization Information International Knowledge Labour Law Managerial Monetary / Financial Natural resource Organizational Personnel Public / Welfare economics Regional Rural Service Urban Welfare
Lists
Economists Publications (journals)
Business and economics portal

In economics, a trough is a low turning point or a local minimum of a business cycle. The time evolution of many variables of economics exhibit a wave like behavior with local maxima (peaks) followed by local minima (troughs). A business cycle may be defined as the period between two consecutive peaks.

The period of the business cycle in which real GDP is increasing is called the expansion. In which the real GDP moves from the trough towards the peak. ^[1]

References

↑ http://www.investopedia.com/terms/b/businesscycle.asp. Missing or empty |title= (help)

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.