Why Does It Take So Long for the Declaration of the Beginning

question 36

Essay

Why does it take so long for the declaration of the beginning and end of recessions in the
U.S. and why is there a lack of clarity as to what is and is not a recession?

---

Definitions:

Production Costs

The combined expenses associated with manufacturing a product, including labor, materials, and overhead costs.

Selling Expenses

Selling expenses are costs associated with the selling of a company’s products or services, including advertising, sales commissions, and store maintenance.

Accounts Payable

Accounts payable are short-term liabilities representing money a company owes to suppliers or creditors for products and services received but not yet paid for.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.