Business Cycle: The business cycle refers to the fluctuations in economic activity between periods of economic expansion (growth) and contraction (recession).
Gross Domestic Product (GDP): GDP is the total value of all final goods and services produced within a country during a specific period. It serves as a measure of the overall size and growth rate of an economy.
Employment Rate: The employment rate is the percentage of people who are employed and actively seeking work out of the total labor force. It indicates how effectively an economy utilizes its available workforce.