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An ecnomic downturn is called

Updated: 9/17/2019
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CAPITALISM


What is it called when there is a decline in spending and businesses cut back on production and lay off workers?

A downturn or recession.


What is a period of low economic activity and rising unemployment called?

If it's a short downturn or slowdown during a business cycle, it's a recession. If it's a longer, sustained and more severe downturn, it's a depression.


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In social psychology, a social factor refers to any aspect of the individual's environment that influences their thoughts, feelings, and behaviors. These factors can include social norms, cultural values, peer influence, and societal expectations that shape how individuals interact with others and make decisions. Understanding these social factors is crucial for studying and predicting human behavior in social settings.


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The product, profill is part of the economic product called gemnosperm. This is an extremely important product, as it helps to create wood and other natural resources.


What is it called when the economy is producing less than capacity?

A cyclical downturn, a bust, a recession: it depends on how serious it is and how long it lasts.


Give a general account of living resources of India's EEZ?

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Cuba


What word is used to described a very severe economic downturn?

Depression


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