What is countless?
Recession and depression in the economy are usually defined by downsurges in gross domestic product (HDP). In the layman, GDP is the total amount of money invested or spent individuals, businesses and government for work, goods and services in a given year. In the recession, this amount decreases by less than 10% and decreases by 10% or more for at least one year. There are many ways to recover from them, and one term that can associate with recovery, especially from recessions, is recovery without work.
What happens in recovery without work is that GDP returns to normal, but does so without creating new jobs or restoring people who have lost their jobs to work. In other words, recovery generally occurs, because businesses and government can spend and invest more money, while individuals, especially those who are out of work, do not. Among the ways of recovering businesses and starting to make more money, they include a part of their workforce or its outsourcing to makeThey could produce the same amount for less. This gives them a greater ability to spend and invest and increase product production without having to return people to people.
When times are very claimed, as in depression, it may be impossible to create recovery without work. Even with increasing business and government expenditure, the economy still depends on its citizens to carry out part of their expenditure and investment. If enough jobs are lost and workers cannot find new jobs, their expenditure force is significantly reduced, and the lack of the power spent can make it difficult to increase HDP to acceptable levels, regardless of what government or private sector businesses spend. In addition, the business of reducing jobs of the private sector would increase GDP for a unemployed worker long -term problems.
on paper may appear "recovered" but for individuals who cannot workovate or who can only find a job that pays them much less money than before, this form of recovery is not very useful. In the end, GDP may cause an even sharper decline if there is no way to restore people to work. At the end of 2000, the economic crisis in the US at the end of 2000 was partially caused by recovery without work after previous small decreases in GDP.
Without jobs, there are fewer homeowners for paying taxes that maintain credit institutions in operation and finance government expenses. It also reduces demand for many produced things, because people without work must need to reduce their expenses. Some believe that recession and depression should be assessed not only by GDP recovery, but also to return to former job data, as it existed before the start of recession or depression. Analysts can say that recovery out of work is not real recovery and any GDP increase is the illusion of economic wellness in the country: Something that looks good on paper but leaves many people behindbad economic circumstances.