(c) In the source, what do you understand by depressed economy?
(i) Low economic growth (ii) High economic growth
(iv) Mild economic growth (iv) Very high economic growth
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Answer:
Economic depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.
Explanation:
So by the defn, Low economic growth for long term.
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