Types of trade cycle

Different economists have classified the trade cycle in their own ways. Some of them are as follows:
1. Juglar cycles
This cycle name after the French economist jugular in nineteenth century is also known as long-run cycle or major cycle. The time period of this cycle is about 10 years.
2. Kitchin cycles
Normal or small ups and downs keep on occueeing in economic activities. This was propounded by the British economist Joseph kitchin. This is also known short or minor cycles. The time period of this cycle is about 40months.
3. Long waves
Long-run or long wave cycle was propounded by Russian economist Kondratieff. So, this is also known as Kondratieff cycles. This trade cycle indicates the long-run waves. The time period of this cycle is from 50 years to 60 years. In this time period many short cycles are included.
4. Building cycle
Building cycle is related to construction works. The time period of this cycle is about 18 years.
5. Kuznets cycle
This cycle was propounded by American economist Simon Kuznets. The time period of this cycle is from 16 years to 22 years.