What is recession?

Replies · 2014-03-30T08:33:36+00:00

Period of general economic decline defined as a contraction in GDP for over six months characterized by; High unemployment Stagnant wages Fall in retail prices NB: Recession does not normally last a year and is milder than depression.They are considered normal in the capitalist Economy cc Dairus

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Start date Mar 30, 2014

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What is recession?

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