Extroverts like to be around other people and generally enjoy social situations while introverts are the opposite. Previous studies have shown that people who are extroverted also tend to be more assertive, experience more positive feelings and get more out of rewards in general.
Factors that cause a recession include high interest rates, reduced consumer confidence, and reduced real wages. Effects of a recession include a slump in the stock market, an increase in unemployment, and increases in the national debt. To unlock this lesson you must be a Study.com Member.
In severe bust periods, the economy enters recession, meaning it experiences negative growth and shrinks. The business cycle has major impact on businesses: slow growth can make consumers less confident about the future, which tends to lead to less spending and lower revenues for businesses.