🤔 Understanding recessions
The term “recession” has a lot of different meanings. According to most economists, it’s when a national economy experiences at least six months of negative growth. An economy can be thought of as all activities involving money in a given territory. A declining economy in terms of a recession means businesses have fewer customers, industrial production and real incomes fall, jobs are harder to find, companies might see their stock prices fall, and less money flows.
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