How to Survive in an Economic Recession

A country’s economy is a cycle. Sometimes it’s at the top and sometimes it’s below. Being at the lower part of the cycle is what you may have heard and read over and over again in televisions and newspapers as economic recession.

An economic recession is characterized by weakening business environment where there is low demand and in turn lower production. Most of the time, this results to a high inflation rate, which in lay man’s term is the lowering of the value of one’s money. This happens because of the rising costs of food and other retail items in the country. The same number of items that you can buy with for instance a hundred dollars will not be the same as number of items that you used that with years ago.

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