- Types:
- show 8 types...
- hide 8 types...
-
recession
the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year
-
depression, economic crisis, slump
a long-term economic state characterized by unemployment and low prices and low levels of trade and investment
-
full employment
the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed
-
prosperity
an economic state of growth with rising profits and full employment
-
softness
a state of declining economic condition
-
shakeout
an economic condition that results in the elimination of marginally financed participants in an industry
-
wage setter
any economic condition or variable that serves to set wage rates
-
boom
a state of economic prosperity
