GENERAL KNOWLEDGE

Detailed explanation-1: -Stagnation is a prolonged period of little or no growth in an economy often highlighted by periods of high unemployment. A rate of growth of less than 2-3% annually as measured by gross domestic product (GDP) is considered stagnation. Stagnation can occur on a macroeconomic scale or in specific industries or companies.

Detailed explanation-2: -The effects of stagnation include a decrease in economic output, a rise in unemployment, reduced job growth, lack of increase in wage for labor, a decline in sales and outputs, among others.

Detailed explanation-3: -Stagnation is a situation wherein the inside economy and the total output is either at a receding level or developing gradually. Persistent joblessness is an additional quality of a stagnant economy.

Detailed explanation-4: -There are various causes of Stagnation in the economy. Examples include economic shocks, the aging population, low economic growth, lack of productive growth, rising unemployment, increased interest rates, etc. Stagflation is the combination of Stagnation and high inflation. The recession exhibits a shrinking economy.