Category: Jewelry

What is meant by the term “recession”?

  What is meant by the term “recession”? A recession is an economic downturn that lasts months or years. A recession is declared when a nation’s economy faces negative GDP, growing unemployment, dropping retail sales, and shrinking income and manufacturing. Recessions are part of the economic cycle, the regular growth and contraction of an economy….

Fighting Inflation

What is Inflation? In general terms, inflation is simply when everything gets more expensive. It is a general increase in prices for everything in the economy. This means that businesses have to spend even more money on the same amount of goods and services. Aside from that, this gradual increase in prices also corresponds with…