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An Overview On History and How We Can Fight With

The document discusses recessions, including their causes and effects throughout history. Specifically, it mentions that a recession is defined as two consecutive quarters of negative GDP growth. It provides examples of major recessions such as the Great Depression in the 1930s and the sub-prime crisis. While recessions can be harmful, the document notes that they can also spur innovation and policy changes, citing examples from Finland, India, and the UK. It concludes by recommending long-term strategies such as innovating technology, focusing on entrepreneurship, and restructuring industries to reduce recessions' effects.

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Kamal Soni
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134 views

An Overview On History and How We Can Fight With

The document discusses recessions, including their causes and effects throughout history. Specifically, it mentions that a recession is defined as two consecutive quarters of negative GDP growth. It provides examples of major recessions such as the Great Depression in the 1930s and the sub-prime crisis. While recessions can be harmful, the document notes that they can also spur innovation and policy changes, citing examples from Finland, India, and the UK. It concludes by recommending long-term strategies such as innovating technology, focusing on entrepreneurship, and restructuring industries to reduce recessions' effects.

Uploaded by

Kamal Soni
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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An overview on history and how we

can fight with


Recession???...
When GDP growth is negative for
two consecutive quarters or more

When aggregate demand


decrease due to any reason
Causes and Effects
Types
History
The Great Depression(1930’s)
1970’s Oil Crisis
1990’s Crisis
1997’s Asian Crisis
Sub-Prime Crisis
Is recession is always harmful?
 Rise of Asian Countries as new markets

 After facing recession,Finland changed its


focus on communication technology i.e.
Nokia
 Recession bring liberal, privatization
policy in India

 In U.K., Recession force govt. to


restructuring of many manufacturing
industries
Conclusion
 Now we, when facing the recession, just need do
not respond it but to make long term strategy to
reduce its effect.

 Tryto Innovate the new technology & Economic


policy

 Youngpeople should focus on entrepreneurship


and business skills

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