kidzsearch.com > wiki

Recession


KidzSearch Safe Wikipedia for Kids.
Jump to: navigation, search

A recession is a short period of time when business activity drops. Prices for goods drop, people lose their jobs so unemployment increases. Inflation and interest rates will go down, and company shares lose value. The want for luxury increases as many people have much more money so they will spend it while they have it. People and companies can become rich. [1]

References

  1. "recession from Wall Street Words". credoreference.com. 2011 [last update]. http://www.credoreference.com/entry/hmwsw/recession. Retrieved May 21, 2011.