Seasonality is something out of the control of any enterprise. When the weather is hot, everyone would want an ice-cream. When the weather is cold, everyone would want a warmer. Some are predictable, but most aren't. It is the act of God.
Business cycle is basically controlled by the market, and therefore people. Is it the fear of the unknown that causes people to "create" the business cycle?
If business is seen as a person, it has to go through "birth, aging, illness and death". This four-step is an unavoidable path of life. If this is understood, then there is nothing special about the concept of business cycle.
Business cycle is basically controlled by the market, and therefore people. Is it the fear of the unknown that causes people to "create" the business cycle?
If business is seen as a person, it has to go through "birth, aging, illness and death". This four-step is an unavoidable path of life. If this is understood, then there is nothing special about the concept of business cycle.
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