Patterns of cyclic development of economy

The problem of cyclicity of economic development is relevant at all times, since cyclicity is the basic regularity of the market economy. The study of the structure of economic cycles allows to predict the effects of changes, as well as to predict the growth or decline in economic activity in a timely manner. Now, the prevailing place was taken by the idea of looking at the cycle as a single process, sequentially passing through phases of crises and UPS and not just as a random sequence of crises, breaking from time to time the progress of the reproduction.