Just Think And Earn, Simple! » business http://www.thinknearn.com Discover your passions Wed, 11 Jan 2012 22:27:45 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 What Does Recession Means and It’s Feelings? http://www.thinknearn.com/what-does-recession-means-and-its-feelings http://www.thinknearn.com/what-does-recession-means-and-its-feelings#comments Wed, 28 Oct 2009 03:27:16 +0000 Kam Kay http://www.thinknearn.com/?p=589 A common definition of recession is “An extended decline in general business activity, typically two consecutive quarters of falling real gross national product.”

or in more details

“A significant decline in activity spread across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP).”

What a common man can understand from this hi-fi definition?? Almost nothing?

Look at the following picture to realize what recession can be.

To avoid this situation save resources.

recession


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