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Economic Cycle
(542 words)

[German Version]

refers to short-term variations in the capacity of the productive potential of the overall economy. Economic development proceeds in waves with upturns and downturns. In an upturn, demand increases rapidly. The capacity of the economy grows. At some point, normal production capacity is attained, but upward forces do not typically become static at this point. Stresses appear in the labor markets. Demand pressures and cost increases accelerate the rise in price levels. Money becomes scarce and interest rates climb. The upturn ends in a boom. Experience has …

Cite this page
Cansier, Dieter, “Economic Cycle”, in: Religion Past and Present. Consulted online on 18 May 2021 <>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013

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