new52jason new52jason
  • 14-11-2020
  • History
contestada

What is the diference between an economic
depression and an economic recession? Why do
these happen?

Respuesta :

sukunshrestha
sukunshrestha sukunshrestha
  • 14-11-2020

Answer:

i hope this helps

Explanation:

A recession is a downtrend in the economy that can affect production and employment, and produce lower household income and spending. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity.

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