Tag Archives | Trade Cycle

Cobweb Theory of Trade Cycle

In this article we will discuss about:- 1. Introduction to Cobweb Theory 2. Assumptions of Cobweb Theory 3. Criticism 4. Conclusion. Introduction to Cobweb Theory: The Cobweb Theorem attempts to explain the regularly recurring cycles in the output and prices of farm products. Frankly speaking, it is not a business cycle theory for it relates only to the farming sector [...]

By Harsh Aditya|2016-08-18T11:20:12+05:30August 18, 2016|Trade Cycle|Comments Off

Trade Cycle: Meaning, Features and Theories

In this article we will discuss about Trade Cycle:- 1. Meaning of Trade Cycle 2. Features of a Trade Cycle 3. Phases 4. Theories. Meaning of Trade Cycle: A trade cycle refers to fluctuations in economic activities specially in employment, output and income, prices, profits etc. It has been defined differently by different economists. According to Mitchell, "Business cycles are [...]

By Kirti Shailesh|2016-05-23T06:13:47+05:30May 23, 2016|Trade Cycle|Comments Off

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