What is recession in economics?
What is Market recession in economics? When do you think it will happen again?
- Nithesh
- 31 May
- 3 Answers
3 Answers
3 Answers
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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.-1Modal content
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A recession is when the economy declines significantly for at least six months... It is visible in industrial production, employment, real income and wholesale-retail trade.....-1Modal content
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