THE TOUGHEST TIME-THE RECESSION TIME
Recession refers to the decline in the economic activities of a country or world.During this period economic development slows down.There is a rapid decrease in employment,people buy and invest less.This period lasts for more than few months but the current recession is the longest recession since WORLD WAR II.This is a worst situation as annual growth decreases and employers undergo depression and financial crisis prevails in market.I think the reason for the current recession situation is our own fault only because when we have resources we don`t use them wisely and keep on wasting them and when these resoures are in shortage this gives rise to recession period.Resources can be petrol,diesel,money,vegetables,cereals.So we should learn to use available resources wisely so that we don`t have to face problem situation like recession.
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Uncategorized | admin August 11, 2010