When is there a situation of “depressed economy”
Answers
Answered by
2
Answer:
prolonged downturn in economic activity
Answered by
0
Answer:
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%.
Please mark me as BRAINLIEST!
Similar questions
Computer Science,
3 hours ago
Social Sciences,
3 hours ago
English,
3 hours ago
Social Sciences,
6 hours ago
English,
8 months ago