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Definitions from the Web

Term: Recession

Part of Speech: Noun

Sense 1:

Definition: A period of significant economic decline, characterized by a decrease in economic activity.

Sample Sentence:

During the recession of 2008, many people lost their jobs and struggled financially.

Sense 2:

Definition: An extended period of economic contraction, lasting for several months or longer.

Sample Sentence:

The country is currently facing a recession, causing businesses to close down and unemployment rates to rise.

Sense 3:

Definition: A temporary setback or decline in a specific industry or sector.

Sample Sentence:

The technology sector is experiencing a recession with a decrease in sales and market demand for their products.

Related Products:

Economics Books