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While there is no formal textbook definition of a depression, it can be colloquially summarized as a really bad recession. A common rule of thumb is that a depression is a contraction where the economy (GDP) shrinks by 10% or more.
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Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
What is the full definition of economic depression?
We do not have a precise definition of a depression, but it is worse than a recession, which is also not very well-defined, although the Wikipedia link I put in the related links area gives a couple of rules of thumb.
Where to I put money in a depression?
Gold!
Factors affecting gender roles?
are economic, cultural, socio-economic status and tradition
Distinguish between domestic and international finance?
Finance is the process of transferring fund from surplus economic unit to deficit economic unit. Domestic finance is the process of transferring fund from surplus economic unit to deficit economic unit within a country. And International finance is the process of transferring fund from surplus economic unit to deficit economic unit when any of these units is located outside a national country.
Is the US in an economic depression?
what is an economic depression?
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
What is an example economic depression?
The Great Depression
What happens during an economic depression?
During an economic depression threes a lack of economic activity that can last for several years.
What is the opposite of economic depression?
Economic prosperity.
Were the westerners affected by the economic depression in 1819?
Westerners were not affected by the economic depression in 1819. t or f
Define economic depression and name at least one example of one?
An economic depression is a sustained, long-term downturn in economic activity in one or more economy. An obvious example is the U.S. Great Depression.
What caused an economic depression in the 1870s?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What were Africa's depressions?
Ambiguous Question: Specify--- Psychological Depression Geographical Depression Economic Depression
When was the economic depression?
Right about now!
What problems did the economic depression cause in 1873?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
Is a period of low economic activity and rising unemployment?
economic depression
