This period if time is known as a recession.
a depresiion
America
The unemployment produced by fluctuations in economic activity is called
prosperity
a recession or depression
== == == ==
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.
The unemployment produced by fluctuations in economic activity is called
America
When more people are engaged in some activity than the number of person required for that , this is called disguised unemployment . For example : An agricultural field require 4 labourers but people engaged in this activity is 6 then this unemployment for 2 labours is called disguised unemployment
When more people are engaged in some activity than the number of person required for that , this is called disguised unemployment . For example : An agricultural field require 4 labourers but people engaged in this activity is 6 then this unemployment for 2 labours is called disguised unemployment
When more people are engaged in some activity than the number of person required for that , this is called disguised unemployment . For example : An agricultural field require 4 labourers but people engaged in this activity is 6 then this unemployment for 2 labours is called disguised unemployment
economic policy
prosperity
a recession or depression
== == == ==
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.
Socialist
The economic activity in which one is engaged on a regular basis is called his or her profession