Do you remember Forrest Gump’s words? “…it happens”. Many unpleasant situations do happen in our everyday life. What do psychologists advise if you wake up unemployed and don’t know what will happen tomorrow?... read the rest...

In our modern world we are to understand that we are taking another decisive step to the so-called notion of recession. This slow down in the economy does not seem to be unexpected as such downturns are the result of the processes that take place in the world economy from time to time. Some scientists declare that the changes occur every 15 years. These recessions and expansion periods are the regular habit of the economic development.... read the rest...

Economists do remember an old joke that says: A recession is when your neighbor loses his job. And a depression is when you lose your job. What is the difference between the two terms: recession and depression? The distinction between them is not understood very well because there is no clear definition of both the terms and there is no universal agreement upon the scientists. Make a simple research: ask one hundred various economists to make a distinction between the terms depression and recession, you would get at least one hundred different answers. In our article we will try to recapitulate the terms and expound how they differentiate in such a way that almost all scientists would agree with.... read the rest...