# Key concepts

> These are the words you need for business cycles and forecasting. A business cycle is successive periods of growth and decline in economic activity. Activity fluctuates over months or years between…

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## Full notes

This is a preview of the Key concepts notes for Grade 12 Economics. Create a free Hlayiso account to read the full notes, practise every question and track your progress.

## More in Business cycles and forecasting

- [The composition and features of business cycles](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting/the-composition-and-features-of-business-cycles) — Next section
- [All Business cycles and forecasting sections](https://www.hlayiso.com/grade-12/economics/notes/business-cycles-and-forecasting)

## Frequently asked questions

### What will I learn in "Key concepts"?

This section covers Key concepts as part of Business cycles and forecasting in Grade 12 Economics. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Key concepts", are written against the official CAPS curriculum and ATP for Grade 12 Economics.

### What should I study after "Key concepts"?

Continue with the next section in Business cycles and forecasting, or test your understanding with the interactive quiz linked to this section.

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