is the industry life cycle the same as the economic cycle 
the phases ofan industry life cycle have the same names as the general economic cycle expansion peak contraction and trough these phases may overlap with an industry s peak occurring at the same time as an economic peak and an industry s trough at the same as an economic trough however whether or not this happens often depends on the industry itself some industries may see their peaks at the same time as the overall economy experiences a trough or they may be in an expansion phase when the economic cycle is at a peak 