a depression is a particularly deep recession with high levels of unemployment
The difference between the depression and a recession is a recession is the down on an up and down rollercoaster. While the depression, there was no way to tell when it would end.
Recession is a period of economic decline, depression is a severe and prolonged recession, and inflation is the increase in prices of goods and services over time.
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
Depression and recession are both economic downturns, but a depression is more severe and longer-lasting than a recession. A depression involves a significant decline in economic activity, high unemployment rates, and widespread hardship, while a recession is a period of economic decline that is less severe and shorter in duration.
A recession is a period of economic decline that lasts for a few months, while a depression is a more severe and prolonged economic downturn that can last for years.
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
depression is when your sad and depressed reccion is the lose of value
The world is in a big recession.
An economic recession is "an extended decline in general business activity, typically three consecutive quarters of falling real gross national product and gross demostic product." An economic depression is "a period of drastic decline in a national or international economy.
what is the difference between depression and dementia
Not Really, we are in a recession but not a depression.
A recession is shorter than a depression.