As a clinical instructor who has taken students to a variety of local facilities such as nursing homes, rehab facilities and city hospitals, I've learned how to sail smoothly through some occasionally very choppy waters. Portal of Entry.
In economics, a recession is a business cycle contraction. It is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). recession has many attributes that can occur simultaneously and includes declines in component measures of economic activity (GDP) such as consumption, investment, government spending, and net export activity.
Economic recessions are caused by a loss of business and/or consumer confidence. As confidence recedes, so does demand. This is the tipping point in the business cycle where the peak, often accompanied by irrational exuberance, moves into contraction.