Question

What do you mean by recession?

Answer 1

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.

Explanation:

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Answer 2

A recession is a significant decline in economic activity, lasting more than a few months.There's a drop in the following five economic indicators: real gross domestic product, income, employment, manufacturing, and retail sales.


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