Believe it or not, a recession is a fact of life. Why? Because it is part of the business cycle and this is bound to happen when the economy expands, slows down until it hits rocks bottom and then recover once again.
The only difference between a recession and the four seasons we experience in a year is that this problem does not happen often. It may take years before this happens again and in our countys history, the last time we had a recession in 2000.
When it does happen, experts wont admit that it is there even if everyone around knows that it is. How? By looking at various factors which include consumer spending, the unemployment rate, industrial production, real income and wholesale trade.
One solution to help stimulate the economy is to lower the interest rate. But since this is not enough to make the problem go away, we have to our share until this is over. Companies have to make job cuts but the bad news is that you put more people out of work because this is the only way to stay in business.
But is putting people out of work the only solution for a business to survive? Some experts disagree because if the company is able to focus on...
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