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what are the stages of recession

what are the stages of recession

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Answer #1

Recession is the period from a peak to trough.this is like significant decline in economic activity spread across the economy.

Stages of recession

Peak production- in starting time of recession there will be peak production.

Falling demand- demand will started reduce hence this will also impacted production activities.

Falling production-due to decrease in demand the production of a product will also started reducing.

Job losses-in recession time there will be fear of job losses.because it doesn't have higher demand.

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