Economics

Is Low GDP Good?

Gross domestic product (GDP) has traditionally been used by economists to gauge economic success. If GDP is increasing, the economy is doing well and the country is progressing. On the other side, if GDP declines, the economy may be in jeopardy, and the country may be losing ground. A recession is usually defined by two

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What Should Businesses Do In A Recession?

Businesses that prosper during a downturn Groceries. Grocery retailers, unsurprisingly, do the best business in a depressed economy. Can firms succeed during a downturn? During economic downturns, not all firms and industries suffer equally. Consumers are cutting back on substitute items and other competitive options, which benefits certain businesses. Many of the firms that do

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