Recession Flashcards
1
Q
good because
A
- there are many people who benefit from/ in a recession
- a renewal oft he whole society
- companies are forced to get/become leaner (schlanker)
- people are forced to save money
- after a recession is a boom
- old fashioned companies go broke -> chances from innovative firms
2
Q
bad because
A
- many groups of people suffer (leiden) in/from a recession
- stand still oft the whole society
- traditional companies go broke/bankrupt
- people have to save money