What is Recession?

anuraadha · 2012-08-24T00:02:26+00:00

I want to know what recession really mean. I understand that it affects the economy which results in unemployment. We faced IT recession right? Is it possible in other fields too?

What is Recession?

anuraadha
@anuraadha-57t1B5

Updated: Oct 23, 2024

Views: 1.9K

I want to know what recession really mean. I understand that it affects the economy which results in unemployment. We faced IT recession right? Is it possible in other fields too?

0

Replies

Howdy guest!

Dear guest, you must be logged-in to participate on CrazyEngineers. We would love to have you as a member of our community. Consider creating an account or login.

Replies

Jeffrey Arulraj

Member • Aug 24, 2012

the recessive period is one in which the value of money falls due to familiarty or over feeding any economy with monetary ip in any form that can pull down the economy itself

here there is another portrayal also it is a period where there is surplus money but the value of it is very minimum when compared to non recessive periods

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Aug 24, 2012

I'm no economic expert. But I've always believed that recession is a collective 'fear' that people have. First we hear there's a recession in the market and then we start saving. When we spend lesser, the prices of the goods fall down; which results into more people believing that there indeed is a recession and the overall money supply in the market is lesser. That leads to the cascading effect. The corporations use recession as a mechanism to get rid of the overheads in the name of cost cutting.

But we humans can't just store money for long times. When a few months are passed, we tend to get into the markets and start buying; and then the economy gets back on track.

Recession, I believe is just a state of mind of larger number of people all over the world.

Are you sure? This action cannot be undone.
Cancel
Jeffrey Arulraj

Member • Aug 24, 2012

in reality it is a cycle driven as rightly said by the big k as fear

but the fall in value of money is not only due to less spending but also due to excessive spending

Are you sure? This action cannot be undone.
Cancel
Kaustubh Katdare

Administrator • Aug 24, 2012

jeffrey samuel
in reality it is a cycle driven as rightly said by the big k as fear
but the fall in value of money is not only due to less spending but also due to excessive spending
Well, as I said;I'm no expert on Economy. I might be totally wrong. But I witnessed how the fear spread in 2008 and that lead to massive panic overall. It'd be interesting to know thoughts from people who're from the finance domain.

Are you sure? This action cannot be undone.
Cancel
anuraadha

Member • Aug 24, 2012

jeffrey samuel
the recessive period is one in which the value of money falls due to familiarty or over feeding any economy with monetary ip in any form that can pull down the economy itself

here there is another portrayal also it is a period where there is surplus money but the value of it is very minimum when compared to non recessive periods
But the in the IT recession, what was the value that became minimum? Is it like related to demand and supply of goods?

Are you sure? This action cannot be undone.
Cancel
anuraadha

Member • Aug 24, 2012

The_Big_K
I'm no economic expert. But I've always believed that recession is a collective 'fear' that people have. First we hear there's a recession in the market and then we start saving. When we spend lesser, the prices of the goods fall down; which results into more people believing that there indeed is a recession and the overall money supply in the market is lesser. That leads to the cascading effect. The corporations use recession as a mechanism to get rid of the overheads in the name of cost cutting.

But we humans can't just store money for long times. When a few months are passed, we tend to get into the markets and start buying; and then the economy gets back on track.

Recession, I believe is just a state of mind of larger number of people all over the world.
Yes the fear! That is what I was searching for. Because one of my dad's friend started saying it is a recession period now and was happy to know that I had joined as soon as my college got over. So if that is the case, then all the areas would get affected right?

Are you sure? This action cannot be undone.
Cancel
Jeffrey Arulraj

Member • Aug 25, 2012

anuraadha
But the in the IT recession, what was the value that became minimum? Is it like related to demand and supply of goods?
exactly a time where there is surplus production and very few markets to absorb the products produced

Are you sure? This action cannot be undone.
Cancel
rk rao

Member • Aug 27, 2012

indian CHEAP LABORS, the so called software engineers will sit on BENCH

and management will say to brush up your skills.

Are you sure? This action cannot be undone.
Cancel
Jeffrey Arulraj

Member • Aug 28, 2012

rk rao
indian CHEAP LABORS, the so called software engineers will sit on BENCH

and management will say to brush up your skills.
i find this abusive it is not really as in your post

Are you sure? This action cannot be undone.
Cancel
rk rao

Member • Aug 28, 2012

jeffrey samuel
i find this abusive it is not really as in your post

it is a SARCASM

don't worry

Are you sure? This action cannot be undone.
Cancel