Question

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

Answer 1

O recedes

Step-by-step explanation:

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.