A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. In a recession, many businesses see a decline in demand for their products and services, and some may have to lay off workers to cut costs.
In a recession, it can be difficult to make money, but there are still some ways to do it. One way is to start a business. This can be a risky venture, but it can also be very rewarding. If you have a good idea for a business, and you’re willing to put in the hard work, you could be successful.