Business Cycle Characteristics

Business cycles are the fluctuations in economic activity that occur over a period of time. There are several characteristics of business cycles, which are:

1. Recurrent: Business cycles occur repeatedly over a period of time, usually ranging from a few years to a decade or more.

2. Irregular: Business cycles do not occur at regular intervals, but rather they are irregular and unpredictable. The duration and intensity of each cycle may vary.

3. Fluctuations: Business cycles are characterized by fluctuations in economic activity, such as changes in production, employment, income, and prices.

4. Phases: Business cycles have distinct phases, including expansion, peak, contraction, and trough.

5. Interconnected: Business cycles are interconnected with other economic variables, such as interest rates, inflation, and international trade.

Uniform Causes

The statement "They have uniform causes" is incorrect, and hence it is not a characteristic of business cycles. Business cycles can be caused by a variety of factors, including changes in consumer spending, investment, government policies, technological advancements, and external shocks such as natural disasters or political events. Therefore, the causes of business cycles are not uniform, but rather they are diverse and complex.

Conclusion

In conclusion, business cycles are recurrent, irregular, and characterized by fluctuations in economic activity. They have distinct phases and are interconnected with other economic variables. However, the causes of business cycles are not uniform, but rather they are diverse and complex.

Uniform causes mean that the regular intervals take their turn due to the same reason.
But we know that there are huge reasons for which every turn of business cycle occur.
Hence answer must be C.