What Is a Decline Stage?

The crisis stage is one of the basic stages of the capitalist reproduction cycle. Each reproduction cycle generally includes four phases: crisis, depression, recovery and upsurge. The crisis phase is the decisive phase of the cycle. It is both the end of the previous production cycle and the beginning of the next production cycle. The most common and common phenomenon of the crisis is overproduction of commodities, and various other phenomena during the crisis, such as production decline, market shrinkage, business closures, sharp increase in unemployment among workers, and significant decline in income, etc. Specific reflections in all aspects. ^[1]