We start out at a small village in the mountains. Edward is wood chopping with his dog Simon to sell later in the town market which is located at the bottom of the mountain. As he yet fells another tree talking to his dog, that can somehow understand him but cannot talk back, a cry of help emitted from the village. As he arrives on the seen he asks a fellow villager what happen…
The word 'recession' is defined as a period of temporary economic decline during which trade and industrial activity are reduced. Which, at least for me, would be easier defined as less money, less jobs, and a whole lot of unhappy people.
But even if I do understand what a recession is, what confuses me is why and what factors push us into a recession. Through some research, I came across a few reasons that I had to break down.
Inflation: A general increase in prices and fall in the purchasing value of money.