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
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The Internet use by the Luxury industry An interactive tool for a very demanding sector Supervisor: Margareta Paulsson Authors: Charlotte LARBANET Benjamin LIGIER Master Thesis Umeå School of Business Spring Semester 2009 1 Acknowledgements Assistance from many people contributed to the accomplishment of our master thesis. Therefore we wish to express our thanks to Umea School of Business and Economics for contributing toward the success of our year abroad in Sweden. Also‚ we would
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proposes to investigate the effects of recession on the automobile industry in world specifically in United Kingdom‚ United States‚ India and Japan. This includes its effects on employment sector‚ advertisement sector‚ Research & Development Sector‚ Banking Sector and other sectors related to this‚ the effect on overall economy and the related terminologies thereof. Also‚ the aim is to the study of effect of recession on downturn in automobile industry due to changes in Trade Agreements between
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Impact of the Recession on the Sports Industry Sports all over the world have become a big business. But with this rising recession‚ the general environment has had some negative effects on these industries. Its mostly the professional sports that this has been having a huge affect on. The national football league is seriously debating having a lockout due to financial hardship‚ and other sports businesses and leagues are also taking a hit. Apparel stores all over the world are
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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
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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
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The Global Car Industry Facing Recession and a Credit Crisis Case study Reference no 309-032-1 This case was written by Nick S Potter‚ Birmingham Business School‚ University of Birmingham. It is intended to be used as the basis for class discussion rather than to illustrate either effective or ineffective handling of a management situation. The case was compiled from published sources. © 2009‚ Birmingham Business School‚ University of Birmingham. No part of this publication may be copied
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The overall global gloom has even taken over the fashion industry. It seems likely that the economic depression has so strongly been inflicted upon the clothing industry. This outcome was quite inevitable‚ with everything around going down the falls. The Italian industry has been the strongest among all others and even that failed in the eye of the global recession. It has asked for the government’s assistance which will help the industry to pull through these dire circumstances. It seems the fashion
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MANAGING FASHION & LUXURY COMPANIES Week 1 W1 - Content Fashion & Luxury 1. What is Fashion? 2. New Trends 3. Dream Factor and Media System 4. What is Luxury? 5. Luxury as a Product 6. Luxury as Know How‚ Industry and Business 7. Luxury as a Culture 8. Luxury as a Customer 9. What Luxury is not 10. Fashion and Luxury for Millennials 2 W1 - Content Fashion 1. What is Fashion? 2. New Trends
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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
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