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Recessionary for Dummies

adjective

pronunciation: ri'sɛʃʌn,ɛri

What does Recessionary really mean?

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Hey there! So, you want to know what "recessionary" means? Well, let's dive right into it!

Okay, imagine you're playing a game with your friends. Sometimes, during the game, you don't have as many points as before, and it feels like you're going backwards instead of moving forward. That's kind of like what happens during a "recessionary" period.

You see, "recessionary" is used to describe a particular time or phase in the economy. When we say the economy is in a recessionary state, it means that it's not doing so well. It's like the economy is going through a tough time, just like when you have a bad day or feel a little down.

During a recessionary period, things might get a bit more expensive, people might start losing their jobs, and businesses might struggle. It's not a fun time for anyone, just like when you're not having a great day or feeling a bit gloomy.

But why does a recessionary period happen? Well, imagine if suddenly people decided to spend less money and save more. When people spend less, businesses might not make as much money, and when businesses struggle, they might have to cut back on costs. One way of doing that is by letting some employees go, which could lead to people losing their jobs.

When people lose their jobs, they have less money to spend, which creates a cycle of everyone spending less and less. It's kind of like a domino effect, where one thing leads to another, and it's not a good cycle to be in.

So, to sum it up, "recessionary" means that the economy is not doing so well, and it's a period where things can get tough for people and businesses. In this period, costs may rise, people might lose their jobs, and it can feel like everything is moving backward rather than forward. It's like having a rough day that lasts for a while, but don't worry, economies can bounce back from recessions, just like we can bounce back from tough days!

Hope that explanation made things clearer for you! Feel free to ask if you have any more questions or need further clarification!


Revised and Fact checked by Robert Williams on 2023-10-29 16:01:37

Recessionary In a sentece

Learn how to use Recessionary inside a sentece

  • During a recessionary period, many people lose their jobs and struggle to find employment.
  • When the economy is in a recessionary state, the prices of goods and services often decrease.
  • Businesses may experience lower sales and reduced profits during a recessionary phase.
  • Government may implement various strategies to stimulate economic growth during recessionary periods.
  • In a recessionary economy, individuals and families may have difficulty paying their bills and meeting their basic needs.

Recessionary Synonyms

Words that can be interchanged for the original word in the same context.

recessive

Recessionary Pertains To

Words to which the original word is relevant

recession