Question

How economical condition of any country Refers to the crisis in GDP ?​

Answer 1

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Answer 2

The nature and causes of recessions are simultaneously obvious and uncertain. Recessions are in essence a cluster of business failures being realized simultaneously. Firms are forced to reallocate resources, scale back production, limit losses and, usually, lay off employees. Those are the clear and visible causes of recessions. There are several different ways to explain what causes a general cluster of business failures, why they are suddenly realized at the same time, and how they can be avoided. Economists disagree about the answers to these questions and several different theories have been offered.

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