Recession vs depression: Differences between the economic downturns
Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. But during the Great Depression, consumer prices declined dramatically. From 1929 to 1933, the consumer price index dropped by more than 27%. Deflation and low consumer spending became hallmarks of the tough economic times. A business cycle tracks the up-and-down fluctuations […]
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