Economic Decline
Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)The opposite of an economic recession, is economic growth.Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
An economic growth_______ is a time of fast economic growth
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
A period of economic growth is an economic boom
lay language
Economic recession is when the economy, as a whole, is actually shrinking (GDP shrinks, unemployment rises, as the demand for goods and services is lessened.)The opposite of an economic recession, is economic growth.Economic growth is when the economy is expanding, jobs are being created because of increased demand or stimulated demand.
Invest in growth by hiring more workers, lowering taxes, providing incentives for entrepreneurs all of which the US is currently doing the opposite of.
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
The opposite of growth is stasis.ANSWERDepends on the usage, the opposite of growth: decay, reduction.
contra-
An economic growth_______ is a time of fast economic growth
Economic growth is the growth of people which causes economic development, the growth/development of cities/towns. (i.e. businesses and buildings)
boom/growth
note on stages of economic growth
A period of economic growth is an economic boom
Economic prosperity.