Question

what is economic depression

Answer 1

In economics, a 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. A depression is an unusual and extreme form of recession.

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Answer 2

heya..

here is you answer...

The economic depression began around the end of a 1929 and lasted almost till 1939 when the Second World War started.

During this decade the economic decline the worldwide because of decline in demand and falling prices.

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