ranjan

A weak economy is a state of economy in which growth is slow, flat or declining. When there are layoffs and no new jobs being created, consumers tend to save money or spend less. With less consumer and business spending, there's less money in the economy. As a result, a decrease in demand for goods occurs which leads to lower growth rates for companies and the overall economy. Growth in an economy is measured as the Gross Domestic Product (GDP). GDP is the aggregate total of all goods and services produce in a country. There are two key factors which drive growth - consumer spending and Business environment. Consumer Spending - If consumer spending is more, it might increase for example - purchases of clothes, Homes, Cars and electronic devices and many more. As a result, Employment and Jobs are created in industries such as Retailing of clothing sectors, Banks that supply the mortgages and credit cards that consumers use as also many businesses which caters to and sells to c