Question

Write any two consequences of 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.

Its consequences are Poverty, Diminishing Employment and also leading to fall of currency value of the country.

Answer 2

economic depression can be defined  as long-term fall in economic activity in different number of economics (one or more than one) economies. economic depression causes high rate of unemployment lower amount of incomes, and lost opportunities more generally. Education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be of long terms.