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What is the difference between an economic recession and an economic depression?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What is the difference between recession and depression?
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.
What is difference between depression and a recession?
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.
What is the difference between recession and prosperity?
They are complete opposites. Recession means growth rate is up, employment is down, and inflation is in the making. Prosperity, is the result of economic growth. Wealth is strong, a sort of reconstruction of the government's finale.
Difference between economic recession and slump?
A slump is just a slang term it could mean recession or it could just mean a short period of time in decline. recession is four business quarters of little or no growth in the economy we have had 1 quarter in the U.S so far
What is the difference between a reccession and a depression?
Recession refers to a temporary economic decline whereas a depression is a period of prolonged downturn in economic activity
What is the difference between recession and depression?
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.
What is the difference between a recession and depression?
a depression is a particularly deep recession with high levels of unemployment
What is difference between depression and a recession?
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.
What is the difference between a depression and a necession?
A depression is much more severe. Recessions are a natural part of the economic cycle, just as the trough of a wave must follow the peak. A depression lasts longer, has higher unemployment and a greater decrease in stock prices. It is likely that a depression has a different cause, from an Economics point of view, than a recession.
What is the difference between a financial crisis and an economic crisis and which of both affects the other most?
A financial crisis is when wall street and the banks are failing. An economic crisis is when there is high unemployment or a recession.
What is the difference between recession and prosperity?
They are complete opposites. Recession means growth rate is up, employment is down, and inflation is in the making. Prosperity, is the result of economic growth. Wealth is strong, a sort of reconstruction of the government's finale.
Difference between economic recession and slump?
A slump is just a slang term it could mean recession or it could just mean a short period of time in decline. recession is four business quarters of little or no growth in the economy we have had 1 quarter in the U.S so far
What is the differences between depression and dementia?
what is the difference between depression and dementia
What happens to the economy during a recession?
An Economic Recession is a period of economic contraction (The Growth Rate shrinks and becomes stagnant)
What were the differences between the great depression and the great recession?
In the Great Depression,there have been reports of an unemployment rate of 25 Percent. January 2017, our current rate is 4.8%%
What year did the Recession stert?
That is dependent upon which one you are referring to for a specific time. There was a period of recession between 1995 and 1998 inclusive. The early 2000's recession affected the US mainly between 2002 and 2003. There is a common thought that this current economic recession began as early as 2007.
