Explanation on the positive effects of a recession The recession is good for the economy. A recession means that there is a negative growth in GDP in a country during two successive quarters. During a recession people lost their jobs‚ companies go bankrupt and governments run deficits but these effects do not outweigh the positive effects of a recession. Education Education is feeling this sharply – whether you’re a school pupil‚ a university student‚ a teacher‚ a lecturer‚ a researcher‚ a library
Premium Economics Inflation Unemployment
A recession is the contraction phase of business cycle. The official agency in charge of declaring that the economy is in a state of recession is the nation bureau of economic research. According to NBER the recession is defiend as “Significant decline in economic activity lasting more then a few months”‚ which is normally visible in GDP‚ real income‚ employment‚ industrial production‚ and wholesaler- retail sales. WHAT CAUSES RECESSION ? An economy which grow over a period of time tends to
Premium Suzuki Automotive industry Maruti Suzuki
Impact of Recession and its effects on HRM INTRODUCTION: The world has suddenly plummeted into a deep economic crisis (called Global Meltdown or Financial Tsunami)‚ the worst ever since the 1930’s. It has almost taken all the countries across the globe into its grip. Almost all the sectors of economy with varying degrees have caught business by surprise during the current global downturn with so much swiftness that every day has become a question of survival. Organizations are grappling with
Premium Economics Inflation Macroeconomics
INTRODUCTION Here a definition a recession as well a global recession is mentioned. Some causes and effects has been listed. Due to recession occurring‚ I have identified the effects of recession based on Tesco. The causes and effects of global recession. Global financial crisis‚ increasing for a while‚ began to show its results in the mid of 2007 into 2008. Worldwide stock markets have subsided‚ financial institutions have dropped and governments in even the richest nations have had to
Premium Financial crisis Recession Inflation
Impact of Recession on IT industry in India Author : Dr. Kotkar S.N. Abstract A recession is a contraction phase of the business cycle. The effect of recession is on all sectors but the main effect is on IT industry. In that mainly related to lob loss and unemployment. There are also some remedies on recession which helps to become a stable in the market. This paper presents the reasons of recession‚ impact of recession on IT industry in India and remedies on recession. Keywords: recession‚ Job
Premium Recession Business cycle Software engineering
India during the ’great recession’ India during the ‘Great Recession’ Introduction: Economists called the financial crisis of the 2007 - 2009 as the “Great Recession”‚ since it is a critical factor and vital cause for the failure of many businesses and significant influencer that has worsened many economies. After US busted out the housing bubble‚ this raised the rates of sub-prime and mortgage rates. India‚ the country which is fully an export driven economy like many other countries‚ the GDP
Premium Economics Monetary policy Central bank
Recession One of the most commonly used term nowadays is “recession”. We read about it in newspapers an year ago‚ then heard about it in television 3-4 months back and now we are getting a feel of what exactly it is. Recession is not a new phenomenon‚ it last happened in America during 2002-2003 and many times before that also. But what makes this recession so fearsome is its magnitude and the countries which are being affected by it. What started out as a bursting of housing bubble soon crippled
Premium Currency Investment United States dollar
Many U.S. companies are reporting better-than-expected earnings for the most recent fiscal quarter‚ but once again the profits generally stem from anything but an economic turnaround. Cost-cutting‚ restructuring‚ improved technology‚ focused product lines‚ low interest rates‚ cheap raw materials - steps taken to combat the slow economy of the past two years are paying off for many companies. "They are adjusting to a period of lower growth‚" said Wayne Stevens‚ president of Duff & Phelps Investment
Premium Corporation Economics Unemployment
Positive effects of the internet Internet‚ as most of us know‚ is a large network of networks‚ which communicate with each other by means of data packets. Internet is regarded as the largest information base. Today‚ Internet has become an integral part of our daily lives. We depend on the Internet to update ourselves about current news and rely on the communication platform it offers to get in touch with our near ones. The information from all around the world is just a click away‚ thanks to the
Premium Internet Web search engine
POSITIVE EFFECTS OF MEDIA: The media influences people in different ways‚ some positive and some negative. It is important to realize although media can have a positive effect on society too much exposure to television‚ computers‚ or magazines can lead to unhealthy effects. The media gives people a way to connect with one another through news updates or even social networking. Most everyone wakes up in the morning grabs the newspaper‚ computer‚ or flips on the television to educate themselves on
Premium Mass media Sociology