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Managing family & friends during the recession

5 hours on-demand video

$ 12.99

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Brief Introduction

Learn to Manage family & friends during the recession

Description

This course helps you learn, ways to manage family & friends during the recession.

The simplest way of defining a recession is a noteworthy decline across markets and in economic activity. Recessions generally happen when there is a widespread ambiguity or a significant drop in production or expenditure. This drop-in expenses can be triggered by a variety of different events, such as a financial crisis, an external trade shock, an adverse supply shock, or even the bursting of an economic bubble.

Even though recessions are considered a natural part of the business cycle, recessions are painful. Individuals lose their jobs, lose their homes, young people lose immediate career opportunities, and more. You are lucky if you are not impacted by these significant events, but your retirement accounts and investments will likely still be impacted.

Recessions can have detrimental and snowballing effects on the economy. Businesses, especially smaller businesses, are threatened by the lack of spending which causes significant financial losses, even bankruptcy for many companies. This unavoidably leads to layoffs and unemployment. The increase in unemployment snowballs to sharper declines in spending habits, resulting in even less money in the economy.

After completing the course you'll be able to help yourself and your near and dear ones overcome the effects of the recession, you will know and avoid the recession traps created by the situations out of your control.

Requirements

Requirements
Eagerness to overcome recession
Willing to avoid the recession trap

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