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Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Business cycle Economic activity Economic growth © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Business cycle - fluctuations in the level of economic activity over a period of time. Most economies experience times when economic activity is rising and others when economic activity is slowing. Economic activity Economic growth © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Business cycle - fluctuations in the level of economic activity over a period of time. Most economies experience times when economic activity is rising and others when economic activity is slowing. Economic activity - the amount of buying and selling that takes place in a period of time. Economic growth © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Business cycle - fluctuations in the level of economic activity over a period of time. Most economies experience times when economic activity is rising and others when economic activity is slowing. Economic activity - the amount of buying and selling that takes place in a period of time. Economic growth - rises in the level of economic activity in an economy. It is measured by calculating the value of sales in an economy over a period of time. © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Recession The economy © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Recession - a situation when the rate of economic growth is negative for two successive quarters. The economy © Pearson Education 2009 Edexcel GCSE Business Studies Chapter 27 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Recession - a situation when the rate of economic growth is negative for two successive quarters. The economy - the economic activity carried out by people and businesses in a country. © Pearson Education 2009 Edexcel GCSE Business Studies
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