知識社群ePortfolioLogin
depression
by 趙永祥 2016-09-25 23:45:24, Reply(0), Views(359)


BusinessDictionary.com
TERM OF THE DAYSEPTEMBER 20, 2016
depression
f   t

Lowest point in an economic cycle characterized by (1) reduced purchasing power, (2) massunemployment, (3) excess of supply over demand, (4) falling prices, or prices rising slower than usual, (5) falling wages, or wages rising slower than usual, and (6) general lack of confidence in the future. Also called a slump, a depression causes a drop in all economic activity. Major depressions may ...Read more
Lowest point in an economic cycle characterized by 
(1) reduced purchasing power, 
(2) mass unemployment, 
(3) excess of supply over demand, 
(4) falling prices, or prices rising slower than usual, 
(5) falling wages, or wages rising slower than usual, and 
(6) general lack of confidence in the future. Also called a slump, a depression causes a drop in all economic activity. Major depressions may continue for several years, such as the Great Depression (1930-40) that had worldwide impact. See also recession.

Read more: 
http://www.businessdictionary.com/definition/depression.html

USAGE EXAMPLE
Sarah sighed, staring at the layoff notice. Since the economy had fallen into a depression, many of her friends had lost their jobs, and now so had she.
TODAY'S LATEST
InvestorGuide Daily
Why CSX Is a Good Bet
InvestorGuide Stock of the Day
Infoblox (BLOX) to Be Acquired by Vista Partners in $1.6B Deal
RECOMMENDED LINKS
Business Dictionary Recommended
BusinessDictionary.com
Investor Guide Recommended
InvestorGuide.com
DQ
Daily-Question.com