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What is an Economic Recession?

Recession: When there is general slowdown in economic activity a county experiences a recession. In such an economic cycle the Gross Domestic Product decreases, unemployment rises and while government spending usually increases until a country recovers from the recession.

During economic troughs people often find it hard to make a living and look for additional sources of income or tighten their budget. Some even falls into debts or have difficulties paying their mortgage.

Here you find plenty of useful tips how to survive a recession including budget tips and ideas for generating additional income such as writing for Bright Hub for example.

Recession

Image Credit: Mark Muller

Latest Articles on Recession
Quantitative Easing: Is it Good for the Economy?

The federal reserve continues it's controversial practice of "quantitative easing". Is this method actually a good way to boost the economy and produce more jobs?...

There Really Are Recession-Proof Businesses

Despite the economic recession, certain industries are doing extremely well. They seem to be recession proof businesses. If you want to start your own business, a recession can be one...

Seven Tips to Manage Your Business During Economic Slowdown

When economic troubles hit, many companies turn to layoffs for a quick solution. However, the most valuable asset of any company is its staff. We’ll take a look at different ways...

Recession Proof Your Job: Most Stable Careers

The recession in recent years has made many individuals wary of starting a new career. While there is no way to guarantee the longevity of any job, some careers are more stable than...

Most Popular Articles on Recession
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    There Really Are Recession-Proof Businesses

    Despite the economic recession, certain industries are doing extremely well. They seem to be recession proof businesses. If you want to start your own business, a recession can be one of the best times...

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    Seven Tips to Manage Your Business During Economic Slowdown

    When economic troubles hit, many companies turn to layoffs for a quick solution. However, the most valuable asset of any company is its staff. We’ll take a look at different ways to deal with recession...

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    What is the Business Cycle?

    The business cycle is an important tool for entrepreneurs when making forecasts and strategic plans. While the business cycle involves the two main phases of expansion and contraction, it can be further...

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    Spending Habits in the United States

    United States spending habits are explored in this article. Currently, residents of the United States spend a great deal of money on credit. Here, we look at how people are spending their money and what...

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    How Great Depression Number Two Could Save America (We'd Need a War Too)

    Most of us don’t remember the Great Depression that hit America on October 29, 1929 -- also known as Black Tuesday. Many of our parents and grandparents do, however, and they aren’t fond memories...

More About Recession
How the Economy Affects Fundraising

The recession, which has been thrust upon us, has had a few grey areas that come along with it. One such area is fundraising. The article discusses the effects of economy on fundraising...

7 Reasons to Earn an Online Degree during a Recession

The most recent recession has adversely affected almost every profession in the world. Many employees have already gotten laid off. This article will discuss why you should go for an...