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Definitions from the Web

Term: Recesion

Definition:

A recession refers to a significant decline in economic activity over a sustained period of time, typically characterized by a decrease in employment, production, and trade.

Part of Speech:

Noun

Senses:

Sense 1:

Definition:

A significant decline in economic activity

Example Sentence:

The country is facing a severe recession that has led to widespread unemployment.

Sense 2:

Definition:

A period of economic downturn

Example Sentence:

During the last recession, businesses struggled to survive and many had to shut down.

Sense 3:

Definition:

A temporary reduction in economic activity within a specific region or industry

Example Sentence:

The local manufacturing sector experienced a recession due to increased competition from foreign markets.

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