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Patty teaches business studies in a reputed college. As part of the curriculum, she needs to demonstrate to her students the steps involved
in starting a business. She plans to introduce the steps in a sequential order, and it includes asking her students to present their views and
provide examples with each step. As the first step of the learning activity, what should Patty ask the students to do?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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