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The business cycle and why it matters

The business cycle and why it matters

Business cycle graph with Real GDP on the vertical axis and Time on the horizontal axis, showing expansion, peak, contraction, trough, and an upward long-term growth trend

Businesses do not operate in a vacuum, because changes in the wider economy alter demand, costs, and confidence. The business cycle is the pattern of rises and falls in real GDP around the long-term growth trend.

Economic influences Lesson

  1. A Level
  2. /Business
  3. /Economic influences

Step-by-step lessons on OCR A Level Business Economic influences. Each one builds up to exam-style questions. Build up your knowledge of the core business functions first, then focus revision time on the strategy and evaluation-heavy topics, since these carry the most marks.

Lessons