A depression is a temporary slowdown characterized by reduced purchasing power, massive unemployment, excess of supply over demand resulting in falling prices, and a lack of confidence in the future. Depressions are also sometimes known as "slumps". Major depressions can last for years.
Depression
Economic depression.(:
the business cycle
This could be referred to as deflation, or often is a sign of a forming depression.
This period if time is known as a recession.
Depression
Economic depression.(:
the business cycle
This could be referred to as deflation, or often is a sign of a forming depression.
This period if time is known as a recession.
The period of decline refers to a phase in the business cycle where economic activity slows down, employment decreases, and consumer confidence weakens. During this phase, production and investment decline, leading to decreased economic growth. It is often followed by a recession if the decline sustains over a prolonged period.
Bust or depression.
America
The highest unemployment typically occurs during the recession phase of the business cycle. During this period, economic activity slows down, leading to decreased consumer demand, reduced business revenues, and subsequent layoffs. As companies struggle to maintain profitability, many are forced to cut jobs, resulting in increased unemployment rates.
A period of temporary business reduction less extreme than a depression is often referred to as a recession. During a recession, economic activity slows down, resulting in decreased consumer spending, rising unemployment, and lower business profits, but it does not reach the severe levels of a depression. Recessions are typically characterized by a decline in GDP for two consecutive quarters and can be followed by recovery phases as economic conditions improve.
A drug that slows down the activity of the central nervous system is called a depressant. Examples of depressants are Xanax, Librium and Amytal.
A drug that slows down the activity of the central nervous system is called a depressant. Examples of depressants are Xanax, Librium and Amytal.