Recession vs depression: Differences between the economic downturns
Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. But during the Great Depression, consumer prices declined dramatically. From 1929 to 1933, the consumer price index dropped by more than 27%. Deflation and low consumer spending became hallmarks of the tough economic times. A business cycle tracks the up-and-down fluctuations natural to any capitalistic economies. Financial Crisis vs. Economic Crisis: What’s The Difference Between Financial Crisis And Economic Crisis? To save money, businesses usually reduce the number of employees they employ and put significant initiatives on hold. Recessions are typically defined as economic downturns that…