Real Estate as a Professional Career: What are the three phases of the Business Cycle?

Question

What are the three phases of the Business Cycle?

Tangled Sense · Accepted Answer

Prosperity: high employment, consumer confidence, intense market activity.
Recession: rising unemployment, no real growth in the market.
Recovery: economic corrections, improvement in key growth indicators.

Tangled Sense · Answer

side note: economic recovery leads to prosperity and the cycle begins again.

Real Estate as a Professional Career

What are the three phases of the Business Cycle?

Prosperity: high employment, consumer confidence, intense market activity. Recession: rising unemployment, no real growth in the market. Recovery: economic corrections, improvement in key growth indicators.

Author