jayda1205 jayda1205
  • 23-07-2019
  • Law
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What does recession mean

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EmmaReed
EmmaReed EmmaReed
  • 23-07-2019

In economics,

A recession is a business cycle contraction when there is a general decline in economic activity.

Definition: a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Have an awesome day! If you need anymore help, feel free to ask whenever. I will be happy to help. :)

~Emma

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