What is recession in economics?
What is Market recession in economics? When do you think it will happen again?
- 2929 Views
- 3 Answers
Your Answer
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.
-
Shilpa
- 31 May
- 0 Comment
Comment
Practice Mock Test
gktoday