Question

What is economic depression? ​

Answer 1

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

Answer 2

Answer:

➡️Economic depression is a sustained, long-term downturn in economic activity in one or more economies.

➡️A depression is a severe and prolonged downturn in economic activity.

➡️In economics, a depression is commonly defined as an extreme recession that lasts three or more years or which leads to a decline in real gross domestic product (GDP) of at least 10%.

Explanation:

HOPE IT HELPS U........❤️❤️❤️

Thank You... ✌️✌️