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One generic reason is the pace at which investment accelerates in response to upward trends in sales.
In situations where consumer confidence is high and people adopt more free-spending habits, other customers are deemed to be more likely to increase their spending as well.
A particularly severe recession is known as a depression.
Also known as an upturn, the recovery stage of the business cycle is the point at which the economy "troughs" out and starts working its way up to better financial footing.
Economic growth is in essence a period of sustained expansion.
Hallmarks of this part of the business cycle include increased consumer confidence, which translates into higher levels of business activity.
Some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations.