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Economic Recession – Definition and Identification

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Economic Recession – Definition and Identification

For years, Economists have been trying to accurately define several things, and recession is one of them. Several definitions of recession have been put forward by economists to clearly define ‘Economic Recession’.

However, the most accepted definition of recession in the context of formal and neoclassical microeconomics […]

Economic Recession – Attributes and Possible Predictors

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Economic Recession – Attributes and Possible Predictors

In a broader prospect, a nation’s economy is dependent upon the production and consumption of goods and services in that particular country. Thus, both the production and consumption are interlinked to each other, and they affect the economy of a country on the whole. When an […]