ABSTRACT
There are two types of cycle for the demand for consumer goods and the economy as a whole. One is the income distribution cycle, which is determined by the normality of household income distribution. The length of its period depends on household income and consumer price level. Greater household income level, higher household income growth rate, smaller income inequality, lower initial price level and greater decline in price will result in shorter periods of the income distribution cycle. The other category is the actual demand cycle, including the price adjustment cycle, the replacement demand cycle, the innovation demand cycle, the export cycle and other cycles based on actual demand growth. Respectively, their periods are determined by the supply lag period, the service lives of products, the frequency of product innovation and export. The actual demand cycle can change the period of the income distribution cycle through its impacts on consumer price level and household income. The upgrading of the consumption structure can change the period of the economic cycle by transforming the industrial structure.
