Definitions from the Web
Term: Recession
Description:
A recession refers to a period of general economic decline, typically characterized by a decrease in gross domestic product (GDP) over a sustained period of time. It often involves a significant decline in economic activity, business profits, and employment.
Sample sentences:
- During a recession, many companies lay off employees to cut costs.
- The recession of 2008 had a severe impact on the housing market.
- Investors tend to become cautious during a recession, leading to a decline in stock prices.
Possible related products on Amazon:
|