Recession
Recessions generally occur when there is a widespread drop in spending an adverse demand shock. A recession is a prolonged period of economic decline beginning when the economy peaks and ending when it bottoms out.
A Mom S Smart Guide On How To Prepare For A Recession Smart People Managing Finances Finance
First the textbook definition.
. This may be triggered by various events such as a financial crisis an external trade shock an adverse supply shock the bursting of an economic bubble or a large-scale anthropogenic. In economics a recession is a business cycle contraction when there is a general decline in economic activity. A recession is a significant decline in activity across the economy lasting longer than a few months.
Recessions are typically marked by an. It is visible in industrial production employment real income and wholesale.
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