depression - 趙永祥的數位歷程檔

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.

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