RECESSED ECONOMY: ROLE OF SCIENTIFIC INNOVATIONS- TOLULOPE ADETORO

Recession in economics according to Wikipedia is a business cycle contraction which results in a general slowdown in economic activity. Macroeconomic indicators, such as GDP(grossĀ  domestic product), investment spending,capacity utilization,household income,business profits,and inflation fall,while bankruptcies and unemployment rate rise. Recession generally occur when there is a widespread drop in spending(an adverse demand shock) This may […]