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The business cycle - the division
The business cycle - the division - Due to the length:
- Series of small (so-called Kitchin cycles), with a period of 4-5 years, are mainly to changes of stocks;
- Series of large (so-called Juglara cycles), with a term of 6-10 years, mainly associated with fluctuations in the fixed capital investment,
- Long cycles (known as Kondriatewa cycles or long waves), with a duration of up to 50-year-old, associated with breakthrough inventions and innovations.
See also:
Thanks for  Sorry for all grammatical and spelling mistakes. All definitions was translated from polish language. Oryginal definition: here
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