The finances are as follows An economic cycle is a periodic repetition of boom and bust years in an economy. It consists of the following phases: crisis, depression, recovery, and boom. Crisis (recession) - ends the previous periodic cycle and is the beginning of the next one. It is characterised by difficulties in selling manufactured products, a reduction in production, an increase in demand for liquidity (cash), and an increase in the lending rate. Panic in the securities market, stock pri...