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inventory cycle (E3)<br />Fluctuations in the stocks of raw materials, semi-finished goods and goods available for sale within an ECONOMY. Changes in inventories occur more frequently than fluctuations in fixed investment. Anticipated and unanticipated changes in final demand, changes in the cost of financing stockholdings and errors in the planning of production all generate inventory cycles.<br /><em>See also:</em> Kitchin cycle
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profit taking (GO)<br />A sale of shares that have risen in price. This practice, often by short-term speculators, can cause temporary downturns in stock market price indexes. Taking profits can also be done to avoid capital gains taxation.
<strong>SHEEO</strong> – State Higher Education Executive Officers.
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