Economic Recession
It a mild form of depression with features like - there is a general fall in demand as economic activities takes a downturn; inflation remains lower or/and shows further signs of falling down; employment rate falls/unemployment rate grows; and Industries resort to ‘price cuts’ to sustain their business.
India has been in a recession due to the pandemic. The government has taken a number of initiatives to combat the recession and downturn.
Measures by State to Combat Recession
- Tax Cuts: Consumers will spend more money if they have more money. This will create demand in the economy. As a result, more ....
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