What is depression?

Lowest point in an economic cycle characterized by (1) reduced purchasing power, (2) mass ...

	Monday, March 30, 2015 depression   Term of the Day depression 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 ... Learn more about this term 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.   Featured Article Planning a Successful Product Launch Now that your company has a finished product ready to hit the market, a gargantuan, dreaded task remains - the product launch. For some successful companies it ... Read this article   Voice Your Opinion Someone offers you $100,000 to invest in your best entrepreneurial idea. What is it?   Take us with you! Download the BusinessDictionary app today.
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