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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.
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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 A temporary depression in economic activity or prosperity?
recession
What are the components of business cycle?
The components of the business cycle is Prosperity, Recession, and depression.
How many stages are in business cycle?
The main stages are expansion, prosperity, contraction and recession
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
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.
A short decline in business prosperity?
Recession
What is A temporary depression in economic activity or prosperity?
recession
What are the components of business cycle?
The components of the business cycle is Prosperity, Recession, and depression.
What is the stage that follows a recession or depression?
One stage may be described as prosperity.
How many stages are in business cycle?
The main stages are expansion, prosperity, contraction and recession
What is the difference between a recession and depression?
a depression is a particularly deep recession with high levels of unemployment
What is the difference between a technical recession and a recession?
Technically a recession starts with two quarters of negative growth. If there has only been one such quarter published but it is clear that things are going to get worse before they get better then it may be clear that you are in a recession even if not technically so.
What term means a temporary decline in economic activity or prosperity?
A recession is a modest downturn in the level of economic activity. Technically, this is indicated by two consecutive quarters of negative economic growth by the GDP.
What is the difference between Recession and boom?
you all fools. if you cannot provides us answer than who give the answers....
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 relationship between inflation and recession?
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
