Difference between revisions of "Economic depression"
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According to Investopedia, an '''economic depression''' is: "A severe and prolonged [[recession]] characterized by inefficient economic productivity, high unemployment and falling price levels. In times of depression, consumers' confidence and investments decrease, causing the economy to shut down. The classic example of this occurred in the 1930s, when the [[Great Depression]] shook the global economy."[http://www.investopedia.com/terms/d/depression.asp] | According to Investopedia, an '''economic depression''' is: "A severe and prolonged [[recession]] characterized by inefficient economic productivity, high unemployment and falling price levels. In times of depression, consumers' confidence and investments decrease, causing the economy to shut down. The classic example of this occurred in the 1930s, when the [[Great Depression]] shook the global economy."[http://www.investopedia.com/terms/d/depression.asp] | ||
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| + | == See also == | ||
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| + | *[[Survivalism]] | ||
[[Category: Economics]] | [[Category: Economics]] | ||
Revision as of 23:18, September 23, 2015
According to Investopedia, an economic depression is: "A severe and prolonged recession characterized by inefficient economic productivity, high unemployment and falling price levels. In times of depression, consumers' confidence and investments decrease, causing the economy to shut down. The classic example of this occurred in the 1930s, when the Great Depression shook the global economy."[1]