See what questions your friends are asking today.

What are some characteristics of recession phase of business cycle?

Answer:

-worker layoffs
-lower prices
-less consumer spending therefore,
-less profit for businesses
-slow economy
-less demand for products

Contributors

«
Wildrosebeef
Trust: 6865
  • Business & Finance Supervisor
»

Top Contributors This Week

  • Trust Points: 2702
  • Member Since: 3/09
  • Trust Points: 4824
  • Member Since: 1/12
  • Trust Points: 1577
  • Member Since: 11/09
  • Trust Points: 3818
  • Member Since: 5/09
  • Trust Points: 1047
  • Member Since: 11/08