The economic condition of the country determines its growth and downfall, if economy is good it means a country is really planned it’s system, but if it is other way about a country needs to pay a strong attention to make a steady and plan it’s stogies how it can be better in the future. Well many of you will arise a question why this topics like economy, recession needs to be discussed in the education filed. I would strongly say it is very important that every child must know about economic and its contribution to the nation’s growth. A child also must be taught how bad economic system leads to recession.
So that children also learn to be very economic in their usage of things like food, clothing, toys, play materiel and they become more responsible in using these things. It would be nice and helpful if schools give awareness to children in their school days, they would become more positive in understanding about economic and recession and I am sure they would contribute to maximum. I would like to discuss few points on recession and how it is the urgent need of today to make school children aware of the fact?
Recession is a negative economic growth for a period of two quarters. This actually means fall in gross domestic production, lower national income and lower national investment. Recession is big problem today in all over the world, which slows down economic downfall of all countries. It’s impact is so much that it affects every section of the people in the society life of daily wages to big business industries, from industrial workers to people those work in education sector, hospitals, small house hold industries, doctors, engineers. Recession brings about many disasters across the world. People lose jobs and money, the share market sensex crashes down causing depression among the people.
We come across incidents even people committing suicide unable to endure the disaster. this has become big issue that captures every media and networks. When we look at it, in today’s context it also affects the purchasing of people as their income falls. Alongside inflation and rise in prices of common goods challenge the survival of many in the society. We come across people suffer for food, clothing, shelter and the basic needs have become only in the dreaming end.
Recession is the reduction of demand in the economy. It is also known as downfall of economy or temporary decline in the economic activities. Almost all the countries are facing a problem called recession. We come across cores of people suffer by losing their jobs. In a foreign country significant stock market decline has often preceded the beginning of a recession, the other stock market declines came only after the recession had already began. Some recessions have been anticipated by stock market decline. The real estate market also weakens before a recession. Recession has impacted almost everyone in our surrounding community, whether they were impacted local small business, large industries or as individuals and families. All people in the economic are impacted by recession.
The employees in foreign countries directly working with the multinationals will also be affected as the payment capabilities will decline. The outsourced jobs could also become reduced. In an economic recession labour demand also decreases. Recession is a serious issue, but hopefully our current let down in the economic has been a learning experience and next time we will be prepared and can prevent an equal disaster. The economic recession could be controlled somewhat though lowering taxes, extra – ordinary progammes, control on share markets, by not taking any loans, keep as much as cash possible with you.
If you have taken any loans try to pay them immediately, don’t invest in new shares and holiday plans and stick on to jobs don’t change the company every now and then. The vivid fact is this children, youth many other sections of society suffer due to delay in health care procedures. To overcome this monster of recession, the state and central governments has taken lots of steps, it is our duty as citizen to extend our hands to stand along with governments follow the guidelines and make the economic growth better. It is not only the responsibility of the government but it the responsibility of every citizens of the country.
The school children also have a great responsibility during such time of crisis. Children should not trouble parents to buy unnecessary things like junk food, video games, big toys, extra ordinary costly materials. If this is realized by every child then we are into a right tack of planning for better economic of the country. We should neglect since they are children they too have great role to play in nations growth. Let every child feel it is very important that their small share of contribute will make big deal for the nation economy.
