An economic recession is a period in economics marked with a significant decline in economic activity that usually lasts for a period shorter than a depression. During an economic downturn, the level of business activity will be low because overall demand and consumption of goods and services will be low. The 2008 recessionary period led to a reduction in the number of passengers in the airline industry as per the available statistics. The paper analyses the effects of the 2008 economic recession on the overall demand and supply for the airline industry outlining the airline’s response to the ...
Communication Case Studies Samples For Students
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