In a recession, lots of people in a city lose their jobs and their incomes decrease. As a result, some are no longer able to pay the rent on their homes or purchase the food they require. What effect does the recession have on the city?
Economics 0455 · IGCSE · Poverty
In a recession, lots of people in a city lose their jobs and their incomes decrease. As a result, some are no longer able to pay the rent on their homes or purchase the food they require. What effect does the recession have on the city?