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
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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
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