Question
General Knowledge Question on Business Finance
Recession in the market implies
A
Slump in trade & industry due to fall in demand
B
Increase in trade and industry due to rise in demand
C
No change in trade and industry due to stability in demand
D
None of these
Answer
Slump in trade & industry due to fall in demand
Explanation
Solution
The Recession in the market implies that the Slump in trade & industry due to fall in demand
It implies that a significant decline in economic activity across the economy
The correct option is (A)