Bring out the important features of business cycles.  

Business cycles refer to the fluctuation in economic activity, characterized by alternating periods of expansion and contraction. These cycles are a natural part of any economy, and they tend to occur in a fairly regular pattern over time. Here are some of the most important features of business cycles:

1. Expansion: This is the phase of the business cycle where economic activity is increasing, and there is an increase in production, employment, income, and consumer spending.

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