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8 gru 2023 · An economic depression is a period of sharp and sustained decline in economic activity that typically includes negative gross domestic product growth and a substantial...
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A deep and long-lasting period of negative economic growth, with output falling for at least 12 months and GDP falling by over 10%. A depression means the economy experiences a significant fall in output, higher unemployment and disruption to normal economic activity.
8 wrz 2024 · A depression is a severe and prolonged downturn in economic activity. A depression may be defined as an extreme recession that lasts three or more years or that leads to a decline in...
n. 1. (Economics) a temporary depression in economic activity or prosperity. 2. (Ecclesiastical Terms) the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service. 3. the act of receding. 4. (Building) a part of a building, wall, etc, that recedes.
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies.
22 sie 2024 · In the most basic of definitions, an economic depression is a severe form of recession that is prolonged over many years and causes a decline in gross domestic product (GDP) of at least 10%...
Depression, in economics, a major downturn in the business cycle characterized by sharp and sustained declines in economic activity; high rates of unemployment, poverty, and homelessness; massive declines in stock markets, and great reductions in international trade and capital movements.
