'Only the per capita income can reply the true history of economic development'. Justify the statement.​

The per capita income can not reflect the true state of economic development because if the income of a particular group have increased or have become rich and the income of other groups remain the same, it will reflect an increase in the per capita income.

answer

car dealerships cannot obtain stock

explanation

recession is a period in the economy of a nation or a state   when there is temporary economic decline that is when people produce and spend less. that is industrial activities are reduced.it can be caused by increased unemployment which leads to less growth and a drop in consumer spending which affects businesses. during this period business sales and revenues decrease thus causing businesses not to expand this is because the demand goes down and the businesses start reporting loses.

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