An economy experiences a recession when the amount of goods and services demanded by consumers and businesses fall short of the amount the economy can can produce for a sustained period of time. Is this correct?
An economy experiences a recession when the amount of goods and services demanded by consumers and businesses fall short of the amount the economy can can produce for a sustained period of time. Is this correct?
yeah..pretty much! its just that the quantity produced is much higher than the quantity demanded...
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks