History, asked by purva2705, 1 year ago

what is the economic downturn ​

Answers

Answered by shejal8
1

In economics, a recession is a business cycle contraction when there is a general slowdown in economic activity. Macroeconomic indicators such as GDP, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.


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Answered by Rishi046
1

Economic downturn is a part of economic cycle ie, the natural fluctuation of economy between periods of growth and contraction...


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