News for hackers. Stuff that matters.
Re:US Business Booms and Depressions Since 1775 (1943) by banish-m4 on Tuesday May 21, 2024 @02:44PM (#40432223)
Wat? Macroeconomic observations don't individually track every single microeconomic occurrence and assign a root cause that "Bob did it". There are many possible factors leading to recession but no singular root cause because it's macroeconomic, some include:

- OXPC: Over-expansion of productive capacity

- Contraction of credit

- Contraction of demand

- Knock-on effects of layoffs harming other sectors

There are no comments on this comment yet.