Difference between revisions of "Recession"
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(New page: A recession is a decrease in an economy's employment and output and the income of its citizens. Typically there is also a decline in personal and business optimism, and a decline in the r...) |
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Revision as of 18:34, April 21, 2007
A recession is a decrease in an economy's employment and output and the income of its citizens. Typically there is also a decline in personal and business optimism, and a decline in the rate of consumption and capital investment in business activity.