Question

why do many economists believe that the best time to start a new business is toward the end of a recession? because gdp is growing more businesses are adding jobs banks are again starting to loan money all of the above

Answer 1

Economists say that the end of the crisis is the optimum moment to start a business since GDP is expanding, employment is increasing (companies are creating new positions), and banks are now encouraged to lend money to individuals and enterprises due to the favorable economic climate.

• A recession is a period in the economy when commerce and manufacturing activity are low. Economists feel that the end of this era is the greatest time to start a business for the following reasons: items are more inexpensive at this time due to the low circulation of money in the economy. Loans have low interest rates, making credit more affordable.

• Furthermore, because the money is concentrated in the hands of a few individuals, there will be less competition.

Thus this is why economist believes that the best time to start a new business in toward the end of a recession.

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