close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Corporations
      4. ›
    4. what is recession?
    what is recession?

    Answer this
    0  Views: 641 Answers: 1 Posted: 11 years ago
    Comment this question

      1 Answer

      Recession is defined as a consequential reduction in economic activity, throughout a country, existing at least for few months. The dwindling in various parameters like Gross Domestic Product(GDP),capacity utilization, business profits, employment opportunities, household incomes, investment spending, inflation, net export activity and government spending all bear testimony to this declivity. The attributes of recession are leading to bankrupt and enhanced unemployment rate.


      Source :http://www.whatisrecession.com/

      11 years ago. Rating: 3
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Corporations category

         
        Colleen
        Answers: 94 / Questions: 0
        Karma: 1830
         
        ROMOS
        Answers: 32 / Questions: 0
        Karma: 1575
         
        country bumpkin
        Answers: 21 / Questions: 0
        Karma: 1275
         
        Benthere
        Answers: 3 / Questions: 0
        Karma: 825
        > Top contributors chart
        466418
        questions
        722239
        answers
        785331
        users