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Trade Cycles are concerned with Trade movements up , Down , Fovourable or unfavorable while economic activity is a macro concept covering every activity being carried out to generate financial benefit.It has been classified in four phases accordinlgy.
economic cycle refers how economic growth fluctuate when prices rice or fall where as trade cycle refers how trade fluctuates when price of trade good rise or fall means economic cycle shows correlation between prices and economic growth while trade cycle correlates prices and goods traded
Ecnomic cycle refers to flucuations in the GDP growth, interest rares, employment level etc; at the Macro level of economy. Trade cycle has four stages i.e recovery, boom recession and depression and is linked to the state of economy.
The economic cycle are more related to fiscal cycle and having wide coverage area with many uncontroled factors which can not be measured. whareas trade cycle is more related to trade, limited coverage aread and with controlled and measured enviornement
Economic cycle includes trade cycle but not vice versa
Economic cycles are long and effected more by exeternal/fiscal/monetary effects whereas trade cycles are shorter in time, some what controlable and can be forecasted.
Trade Cycles deal with Trade movements while economic activity is a macro concept covering every activity being carried out to generate financial benefit.
trade cycle concern financial & accounts matters
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