An economy ought to be given an uppermost attention prior to how important it is in a society,an economy is a system structured to cater for the standard of living the citizens experience In a certain country.
An economy has to thrive in order to create a conducive society for citizens.
What do we understand by economy?
In a lay man english or in a simple definition
Economy can be defined as the the state of a country or region in terms of the production and consumption of goods and services and the supply of money and also the well being of the citizens therein .
What is rehabilitation?
Rehabilitation is the action of restoring someone or something to the best form through training processes
It can also be defined as
the action of restoring something that has been damaged to its former condition or best condition it is expected to be
What is an economic recession.
An economic recession
is a prolonged period of economic contraction or a situation where by a country is going through a hard time in development, business activities, employment and infrastructure and so on .
A recession is a significant decline in economic activity, lasting more than a few months a drop real gross domestic product, income, employment, manufacturing, and retail sales.
Source
What are the solutions to economic recession ?
In terms of solutions to economy recession some measures can be put in place to solve the problem of economic recession and i will be discussing few measure here .
Solutions to recession varies different depending on a country but i will be using Nigeria as my reserch and this solutions can also be applied to some other countries too
economic recession has been a global headlines some years ago and we have all be battling with it .
Firstly I will be talking on
Agriculture
The government should invest more into agriculture in other to produce balance in production of food and with this recession can be tackledSmall Scale business Financial and Technical support government should look into developing small scale businesses
Manufacturing sector Development
Government should also develop the manufacturing sectors and build more companies for manufacturing of productInformation and Communication Technology integration in all sectors should also be developed as we all no that the world is becoming digitalized our technology should also develop in other to create a standard globally.
Importation and exportation is also a sector that can improve the economy of a nation and the government must also look into.
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