noun
business cycle; economic cycle
Economic term referring to the periodic fluctuation of economic activity. Often used in contexts like 景気循環論 (business cycle theory).
景気循環は、好況と不況を繰り返す。
The business cycle repeats booms and busts.
景気変動 is a broader term for economic fluctuations, while 景気循環 specifically implies a cyclical pattern.
Compound of 景気 (business conditions) and 循環 (cycle, circulation).