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 ...
(redirected fromDepression (economics)) Dictionary Thesaurus Legal Financial Encyclopedia recession [re-sesh´un] the drawing away of a tissue or part from its normal position. gingival recessionthe drawing back of the gingivae from the necks of the teeth, with exposure of root surfaces. ...
The meaning of DEPRESSION is an act of depressing or a state of being depressed. How to use depression in a sentence.
What Is a Recession?—Recession Definition Causes of Recession Why Did the Great Depression Happen? Current Conditions Lesson Summary Frequently Asked Questions Are we in a depression or a recession? The United States is still technically in a recession as of June 2021, because although there hav...
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 interna
a. Feeling or characterized by sadness or dejection: depressed after losing her job; a depressed mood. b. Affected with depression as a mood disorder. 2. Sunk below the surrounding region: the depressed center of a crater. 3. Lower in amount, degree, or position: Oil reserves were at dep...
While there is no technical definition of a depression, conventionally it is defined as a period featuring severe declines in productivity and investment and particularly high unemployment. During the Great Depression, for example, GDP in the United States dropped 12% between 1929 and 1930 and a ...
economics:a business depression (seedepressionsense 2) boom andbust 3 :punch,sock a goodbuston the nose— J. T. Farrell 4 law enforcement, slang a :a police raid (seeraidentry1sense 2b) b :arrestsense 1 made a couple of drugbusts ...
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Economist John Maynard Keynes developed his economic theories in part as a response to the Great Depression of the 1930s. Before the Great Depression, classical economics was the dominant theory. It held that through the market forces of supply and demand, economic equilibrium would be restored na...