An example of a highly cyclical industry is

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The automobile industry is a highly cyclical industry due to its sensitivity to changes in the economy. During periods of economic growth, people tend to have more disposable income, which they may choose to spend on purchasing new vehicles. On the other hand, during times of economic recession, people tend to hold onto their older vehicles for longer periods of time, causing a decrease in demand for new vehicles. This cyclicality can also be seen in the stock prices of automobile manufacturers, which tend to rise and fall with the overall state of the economy.

An Example of a Highly Cyclical Industry Is