The current financially turbulent times have got many wondering
about what is recession. Economic recession is typically the slowdown of the
growth rate of one country or many countries at the same time.
Economic recession usually takes place when the consumer demand for
products and services reduces. Hence as the sales of these products and
services drop the businesses and companies stop expanding. Subsequently these
companies and businesses...
Showing posts with label products. Show all posts
Showing posts with label products. Show all posts
What is Inflation?
Posted by Newwonders on 05:02 with No comments
The current financial turbulent times has seen most people wondering
what inflation is. Inflation is in fact the increase in the prices of products
and services and also the continuous increase in the prices of these products
and services. Inflation usually occurs when the currency of the country has
been devalued and hence the population of the country end up paying more for
the products and services required.
Experts usually concur that when...
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