what is a recession?

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what is a recession..why do they occur etc.

2006-12-18 10:02:48 · 5 answers · asked by britttttt 1 in Business & Finance ➔ Corporations

A recession is three consecutive quarters of negative economic growth. Many reasons for this mostly lack of buying.

2006-12-18 10:10:09 · answer #1 · answered by David N 2 · 0⤊ 0⤋

See wikipedia.

2006-12-18 18:06:44 · answer #2 · answered by ricochet 5 · 0⤊ 0⤋

A recession is when your neighbor loses their job. A depression is when YOU lose your job.

2006-12-18 18:04:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋

This normally happens when a Repulican president takes office.

2006-12-18 18:10:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋

a declining economical growth

2006-12-18 18:06:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋