Lowest point in an Economic cycle characterized by;
Reduced purchasing power
Mass Unemployment
Excess supply vs demand
Falling of prices or tending to raise slower than usual-Deflation
Falling wages or wages tending to raise slower than usual
General lack of confidence in the future
NB: Also known as a slump,depression causes a drop in all economic activities.A good example is the Great Depression (1930-1940) which had world impact.
basi sawa
Unaweza kuongeza mkuu tuwe tunawasaidia watanzania wenzetu ref na terms za kibiashara mkuu,be blessed
Lowest point in an Economic cycle characterized by;
Reduced purchasing power
Mass Unemployment
Excess supply vs demand
Falling of prices or tending to raise slower than usual-Deflation
Falling wages or wages tending to raise slower than usual
General lack of confidence in the future
NB: Also known as a slump,depression causes a drop in all economic activities.A good example is the Great Depression (1930-1940) which had world impact.
Sawa wacha tumalize Economic cycles zote then that after au siyo Mkuu