What is Recession?

Recession is related to business. When businesses all over the country are not doing well moderately, there is said to be recession. It affects the people attached to a business, like workers, bankers, labourers, etc. The bad effects of recession are: people lose their jobs, shops are shut down, sales of things also go down, banks face losses and the entire economy of a country suffers. This is a common occurrence in the business world. Businesses flourish and businesses go into loss, periodically.

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