Recession..

I do not know how many people were familiar with this term some 8 months back.. But now the case is entirely different.. Even a boy or girl in kinder garden would knew this.. And if you ask them an explanation for it, they would say,"NO ICE CREAMS",why,"NO MONEY,Papa Yells at me"..

The recession impact is tremendous... Almost people of all sectors have been or being or in near future will be affected by this..On saying this a natural question in everyone's mind is about the job of a professor or lecturer..Two days back i read an article in a popular magazine that,people in software companies are taking classes for 9th and 10th.. Shocking!!!

So competition even prevails there..(Who knows those who worked in Google and Microsoft will be asked to handle 11 and 12,and the rest from less reputed companies,to handle Standard I or II)..

Back to the recession,now from where did this all come from.. Who initiates or announce the mark of recession.. Is there any such like that or just a rumor spread by few and the entire mass believing them..

The questions in my mind are pretty simple...
1.Is there any such recession?

The definition for Recession as per WIKIPEDIA is,

"In economics, a recession is a general slowdown in economic activity in a country over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions."

Economics is all about demand and supply.. Everyone in this world need something to survive .. If the above is true then from where the RECESSION comes?

As the population increases, demand naturally increases so there isn't any such kind of melt down..

The above is my view of perception about RECESSION.I might be right or wrong.. Any how the world believes that RECESSION has started..So its good for me to believe along with them.. Else i would be secluded from rest..(I go by the orders of the State and Country)

~ In a state of CLEARLY CONFUSED