1. What is a Business Cycle?
Business
cycle area type of fluctuation found in the aggregate economic activity of
nations that organize their work mainly in business enterprise, a cycle
consists of expansion occuring at about the same time in many economic
activities, followed by similarly general recessions, contractions, and revival
which merge into the expansion phaze of the nextcycle, this sequence of changes
is recurrent but not periodic, in duration business cycle vary from more than
one year to ten or twelve years, they are not divisible into shorter cycles of
similar character with amplitudes approximating their own . Wesley C. Mitchell
and Arthur F. Burns in Ricardo (2007).
Meanwhile,
in my definition, the business cycle is a sequence of changes in economic
activity with an unstable level of economic activity. Alternate between periods
of depression and prosperity. Business cycle is also often interpreted as a
fluctuation in economic activity as explained by Wesley C. Mitchell and Arthur
F. Burns in Ricardo (2007). So in business activities, the business cycle is
very important for future business activities because knowing the business
cycle makes future benchmarks in controlling the business.
2. What benefits can a business
have when he knows the business cycle of his business?
The
benefit of knowing the business cycle is that it can predict crises that can
occur in the economy so that business actors can detect problems early. And the
existence of a business cycle is also useful for making turning point
predictions that include detection of changes in the economic regime. By paying
attention to the business cycle, a company can adjust its business activities
according to the current cycle so that the company experiences an increase and
benefits from its business activities.
3. What month of the year is the
best to open a business in your opinion?
In
my opinion, December is the best month to open a business, because in 2020 the
corona pandemic is still not over, it makes us feel bored and bored with the
current situation. But seeing that the current business cycle is experiencing a
decline, I chose December because in addition to experiencing a decline, this
October in several regions still implementing PSBB so that access to business
activities is still not stable. Export and import activities are also unstable,
and many other business activities have experienced a decline and instability.
so that the final month of 2020 is the time for us to rise from the adversity
of this pandemic by bringing a more colorful atmosphere at the end of the year
by opening a new business. Because if this month and next month we all comply
with the government regulation, then access to all activities, especially
business can be stable as in the previous year.
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