When you say ”recession’, many people think of the Great Recession of 2008-10, and while that period and others like it devastated the worldwide economy, we’ve learned a lot in the process. During recessions, companies often collapse, people lose jobs and struggle day-to-day… it’s a really hard time for many people. But recessions have patterns, …
What Causes a Recession? The 3 Main Causes
Business owners and consumers alike dread the word “recession.” Recessions are periods in which many sectors of society face economic decline and many businesses struggle to stay afloat. These periods of economic decline touch nearly all sectors, and small businesses often see the biggest negative impact. In the U.S., under one widely used standard, a …
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