Trade-Cycle

In a competitive market National economy rolls like a wheel In economics it is called trade-cycle From economic recovery to boom To slump to recovery to boom Is a common phenomenon In a competitive market The boom does not last long Because The demand for products and services Is limited in all countries That’s why The governments have a vital role to play Especially during boom The governments should monitor And control industrial development As much as possible With a view to reduce labor cut During slump And they should hinder Harmful investment For the economy During boom Moreover They should provide guidelines For the entrepreneurs During recovery So that suitable investments For the economy take place In this way A country can achieve its goal Without going through Economic hard times