Help make Alexa smarter on Alexa Answers. Sign in with Amazon

Miscellaneous

What does it mean to have a recession?


A recession is not a depression. In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).

{{ relativeTimeResolver(1657720257788) }}

LIVE
Points points 26
Rating

Similar Questions
Sign in to view all similar questions
Miscellaneous 1 Answer

Join Alexa Answers

Help make Alexa smarter and share your knowledge with the world

LEARN MORE