The phrase
"economic cycle" refers to the natural pattern of ups and downs that happen to an economy over time. It goes through periods of growth, where businesses are doing well, people have jobs and money, and the economy is strong. But it also goes through periods of decline, where businesses struggle, unemployment rises, and the economy becomes weak. These cycles repeat themselves, usually lasting a few years, and are influenced by factors like investment, government policies, and consumer spending.
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