4.5.4—Causes and consequences of recession
- Syllabus
- 0455–2027–2028
- Objective
- 4.5.4
- Level
- —
4.5.4—Causes and consequences of recession
- definition of recession
- how a recession may be caused by a decrease in total demand, a decrease in the quantity of resources or a decrease in the quality of resources
- consequences of recession for consumers, workers, producers/firms and the government
ConceptIGCSE Economics