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Nigerian Government And The Recession by Ayima: 11:22pm On Aug 13, 2016 |
NIGERIA AND THE RECESSION. In economics, a recession is a negative growth for two consecutive quarters.For a layman's understanding, a recession is a period of general economic slow down.I don't know if you are feeling the recession or not but, HERE ARE THE EFFECTS OF A RECCESSION: 1 decrease in sales of good and services. 2 Increase in unemployment. 3 high inflation rate( inflation is the persistence increase in price of good and services) 4 Budget deficit in government spending. 5 Increase in crime rate. 6 strained family relationship (when you call your parents or uncle for money and they say no money you start to vex) HERE ARE HOW TO COPE WITH RECESSION: 1 Unemployed people should accept a low paying job as a short term solution. 2 Get a part-time job, business or small scale farming. 3 Change of plans. 4 Make changes in your financial spending (No need to be drinking 12 bottles of beer only you this time, reduce to 2 or 3.) 5 lifestyle changes 6 Keep a positive attitude, it helps you overcome tough times. |
Re: Nigerian Government And The Recession by Flexherbal(m): 11:29pm On Aug 13, 2016 |
Ok |
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