Wednesday, December 2, 2009

Recession vs. Depression Definition By Alec Fultz

re·ces·sion1 [ri-sesh-uhn]

–noun

4. Economics. a period of an economic contraction, sometimes limited in scope or duration.

de·pres·sion [di-presh-uhn]

–noun

7. Economics. a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.

No comments:

Post a Comment