Close sidebar

What is recession in economics?

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

  • Nithesh
  • 2880 Views
  • 3 Answers
3 Answers
  • 1


  • Instrong /strongeconomics, 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.

    -1

  • 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.....

    -1

Practice Mock Test
gktoday