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What is a cyclic industry?

What is a Cyclical Industry? Cyclical industry refers to an industry whose performance patterns are strongly correlated and affected by the business cycle. When the economy is growing or expanding, these companies grow, and when the economy is in a recession or depression, they decline.

Which industry is an example of a non cyclical industry?

To contrast, the pharmaceutical industry is an example of a non-cyclical industry because there is a demand for pharmaceuticals (an essential good) whether the economy is in an expansion or a downturn phase. The following industries are commonly classified as cyclical:

How does a cyclical industry affect revenue?

Conversely, during periods of economic downturn and contraction, their revenues tend to decline. A cyclical industry, at its core, is intricately connected to the fluctuations of the business cycle, undergoing shifts in revenue based on the prevailing economic conditions.

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