What is Recession? Recession: A recession is a period of economic decline, typically defined as two consecutive quarters of negative GDP growth. During a recession, there is a decrease in consumer spending, business investment, and overall economic activity. This often leads to an increase in unemployment, as businesses lay off workers or go bankrupt. Additionally, during a recession, consumer...
In today's time, every person does all kinds of work to earn his livelihood. This includes jobs and business. By the way, everyone wants to get more money for less work, but this is not possible. You need to work harder for more money. Most people work, while others start their own businesses. Before starting their business, people go to business school and learn the skills related to it and then...
What do you understand by ‘values’ and ‘ethics’? In what way is it important to be ethical along with being professionally competent? Values are fundamental beliefs and principles that guide an individual's behavior, decisions, and actions. These values are shaped by personal experiences, cultural background, and societal norms, and they provide the foundation for one's moral and ethical...
A few days back the Reserve Bank of India (RBI) held an unscheduled meeting on May 4 and surprised everyone by announcing a 40-basis-point hike in the repo rate. Soon after the central bank's decision to hike the repo rate, banks also decided to increase the interest rate on fixed deposits (FDs). When repo rates are increased, this can make savings attractive as customers can get better interest...
Millions of businesses were started in the US in 2021. This broke the last year's record when we refiled over 4 million new business applications in the United States after two record-breaking years of people starting their companies. More than 17 million businesses are expected to be established in 2022. If you're an entrepreneur who wants to start this year, you might wonder if any ideas are left out...
Friends, everyone wants to be successful in business! Everyone wants their business or company to become the top company in the world. But it is not that easy, but it is not difficult either! If a man is passionate about his work, then he can achieve success in every work. Friends, in today's post, we will know those rules of business success which will play an important role in making your business a...