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A Recession is a term used when the GDP of a nation is on a downward movement for two or more consecutive quarters
GDP - Gross Domestic Product (Approximately the sum of the total industrial revenue generated in the country) This is usually measured quarterly, half yearly or annually...
When the GDP of a nation has consistently declined for two or more consecutive quarters, then the country is supposed to be in a state of recession.
What else can I help you with?
Common reasons that small businesses fail?
Beginning bussines always go broke if they: 1 Don't do a good research of the market they are trying to target. 2 If they want to grow to fast. 3 If they have a bad name (word of mouth advertisement is one of the strongest out there) 4 If they try to sell exclusive items in a reccesion.
Are we in a recession now?
No the USA hasn't been in recession since 2009. some might say we are but since 2009 the GDP 'GROSS DOMESTIC PRODUCT' OR a conglomerate of what the entire nation produces (sales ) has increased. we are still suffering from a backlash which could be blamed on companies that realized that they could do the same amount of work with fewer employees, so why would they hire any extra people. but once we reach a certain cap they will no longer be able to keep up with demand and therefore they will have to get new employees which in turn will spend there earned money on other companies which will hire more employees to keep up with the need. This is why stimulus programs are needed because if people don't spend we cant create jobs. but if people are unemployed, how can they spend money. Unemployment is a vicious cycle, that is not to be confused with RECESSIONS. They certainly do go hand in hand. but are not the same thing. SO AGAIN ... NO WE ARE NO LONGER IN RECCESION
Reasons for the current reccesion?
waht are the reasons for the current recession
What is a reccesion associated with?
A recession is associated with a slow economy and job loss.
Why do we need to understand economis?
it is called ECONOMICS and we need to understand for times of reccesion
What are three ways the federal reserve can affect the money supply?
It can put a reccesion or inflation.
Why isnt more waste recycled?
The cost of recycling and the cost of the facilities is too much money. The waste we recycle is a heavy cost along with vans,workers and machinery. If more waste was to be recycled then further reccesion would be in place
Is the United States going into a reccesion?
I would say the US economy is currently in a depression, but I am not an economist, and I do not think you will hear any economist say that at this point. But I am calling it a depression. Two years ago was a recession, now we're in a depression. Yes, but the magnitude is still unknown.
Economy in England?
The largest economy of the United Kingdom is the economy of England. A greatly industrialized country, it's official currency is the British pound sterling. The sectors within the economy in England are: Agriculture and fishing, finance, tourism, and manufacturing.
Common reasons that small businesses fail?
Beginning bussines always go broke if they: 1 Don't do a good research of the market they are trying to target. 2 If they want to grow to fast. 3 If they have a bad name (word of mouth advertisement is one of the strongest out there) 4 If they try to sell exclusive items in a reccesion.
Is amway still around?
Yes. Amway is growing rapidly in recent years, e.g. during 2008 reccesion it grew from 7.1 bilion USD to 8.2 billion USD annually. There was about one million new distributors worldwide in 2008 and there is huge growth in Asian and some European countries, as well as South America.
What global reccesion means?
A global recession refers to a period of widespread economic decline that affects multiple countries around the world. It is characterized by a significant slowdown in economic activity, leading to high unemployment rates, reduced consumer spending, and lower investment levels. Governments and central banks often implement various measures to stimulate the economy and work towards recovery during a global recession.
How was the Great Depression similar to and different from the economic situation of the last few years in terms of causes problems and government solutions?
the great depression is similar to the recent because the stock market crashed by people investing in things that they could not afford much like in recent years when people would build houses then not be able to may for them but it is different becdause back thern the banks would not be able to give back any money you invesated and now they have to pay you back so much. Also it is different because lately we weere in a reccesion not a depression so it was not as bad and horrible as the great depression not to mention during thatb time was the dust bowl in america and world war two that america was part of in europe
Are we in a recession now?
No the USA hasn't been in recession since 2009. some might say we are but since 2009 the GDP 'GROSS DOMESTIC PRODUCT' OR a conglomerate of what the entire nation produces (sales ) has increased. we are still suffering from a backlash which could be blamed on companies that realized that they could do the same amount of work with fewer employees, so why would they hire any extra people. but once we reach a certain cap they will no longer be able to keep up with demand and therefore they will have to get new employees which in turn will spend there earned money on other companies which will hire more employees to keep up with the need. This is why stimulus programs are needed because if people don't spend we cant create jobs. but if people are unemployed, how can they spend money. Unemployment is a vicious cycle, that is not to be confused with RECESSIONS. They certainly do go hand in hand. but are not the same thing. SO AGAIN ... NO WE ARE NO LONGER IN RECCESION
