Choose the option that best matches the description given. While many new businesses start when the economy takes a downturn, it is beneficial to be positioned to take advantage when the economy
O recedes
O contracts
O expands

A recession is a business cycle characterized by a general decline in economic activities. Recession may occur as a result of reduced spending in the economy that adversely affects the aggregate demand. The recession cycle usually lasts for a couple of months.

Businesses that start and survive during tough times have a greater chance of succeeding. After a recession, the economy experiences the recovery cycle, followed by a boom. The recovery and boom sessions present excellent opportunities for young businesses to grow and thrive.

Choose the option that best matches the description given. While many new businesses start when the economy takes a downturn, it is beneficial to be positioned to take advantage when the economy O recedes O contracts O expands

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Choose the option that best matches the description given. While many new businesses start when the economy takes a downturn, it is beneficial to be positioned to take advantage when the economy
O recedes
O contracts
O expands