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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| − | 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. | + | 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. |
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| + | [[Category:Economics]] | ||
Revision as of 17:44, May 9, 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.