कोणत्याही अर्थव्यवस्थेत व्यापारचक्र ज्या अवस्थेतून जाते तीचा योग्य अनुक्रम कोणता ?

The correct answer is Option C (Depression - Revival - Inflation - Recession).

Key Points:
• Phases of the Business Cycle:
• A business cycle represents systemic periodic fluctuations in economic activity, real GDP, output, and employment over time.
• Logical Sequential Progression:
• 1. Trough / Depression (मंदी): The absolute bottom of the cycle where economic activity, investment, and prices reach lowest levels.
• 2. Revival / Recovery (पुनरुत्थान): Low interest rates and fresh capital outlays trigger renewed business confidence, employment, and demand growth.
• 3. Boom / Peak / Inflation (मुद्रास्फिती/तेजी): Production reaches full capacity, leading to demand-pull price pressures and general inflation.
• 4. Downswing / Recession (घसरण): Demand saturates, inventories accumulate, economic contraction begins, eventually sliding back into depression.
• Therefore, the correct chronological sequence is Depression -> Revival -> Inflation (Boom) -> Recession (Option 3).
• Key Takeaway: A business cycle typically evolves cyclically through Depression, Revival, Boom/Inflation, and Recession.