During a recession, the government is most likely to try to boost the economy.
And the most likely time for the firm to acquire new employees is while it is expanding.
What exactly is the distinction between a recession and an expansion?
A recession is defined as a period when the economy's growth rate falls in comparison to earlier periods.
Stimulation refers to any action that promotes economic growth. As a result, economic stimulus is required during the recession's length.
Expansion is the stage of a company's life cycle in which it develops rapidly. To meet the company's growth objectives, it must hire more people, invest in new technology, and introduce new factors.
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