What is recession in economics?

What is Market recession in economics? When do you think it will happen again?

Nithesh
31 मई
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Your Answer

Shilpa
29 मई

In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.