Depression in the United States
Depression in the International Business Landscape
Definition of Depression in the context of U.S. international business and public trade policy: An extended period of economic restructuring and institutional change that is marked by stagnant growth or decline (unemployment levels are usually higher and the inflation rates lower than in a recession).
Concept of Depression
In the U.S., in the context of Political Economy and Public Policy, Depression has the following meaning: A period of severe economic decline, including a decline in production, increases in unemployment and in business bankruptcies, and falling prices (due to decreased demand). (Source of this definition of Depression : University of Texas)
Depression
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See Also
- Political Economy
- Public Policy
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