RECESSUS / RECESSION (A nickel ain't worth a dime anymore) -Y ogi Berra Post by : Sarvesh and Sharvari, Commerce Students JOIN THE DISCUSSION ON OUR WHATSAPP GROUP AND REDDIT For a millenia, the people of Britain had been using bronze to make tools, jewellery and currency for trade. But around 800 BCE, that began to change as the value of bronze declined causing social upheaval and economic crisis what we would call a RECESSION. A recession is generally a downturn in any economy associated with high unemployment, slowing gross domestic product, high inflation and many such factors. What causes recessions? Recessions occur when there is a negative disruption to the balance between demand and supply, there is a mismatch between how many goods people want to buy, how many product...
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