Terms Beginning With 'd'

Depression

  • January 29, 2020
  • Team Kalkine

In economics, depression is referred to as a more severe form of recession, reflecting a prolonged and severe downturn in economic activity. One of the most famous depression seen ever is the Great Depression of 1929, experienced by the US economy.

When an economy faces depression, it is considered to be in a state of financial turmoil, which usually occurs from a phase of negative activity, contingent on the Gross Domestic Product rate.

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