Economy, asked by Hitamanju7964, 9 months ago

What is economic recession?

Answers

Answered by AngelicSmiles
78

Answer:

In simple language recession is the contraction and decline in economical activities.

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Answered by Ujjwal2018
2

Answer:

In economics, a recession is a business cycle contraction when there is a general decline in economic activity. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, a pandemic, or the bursting of an economic bubble.

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