Social Sciences, asked by anantsingh8h, 6 hours ago

When is there a situation of “depressed economy”​

Answers

Answered by shabitalks
2

Answer:

prolonged downturn in economic activity

Answered by sanviratta39
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%.

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