economic condition

Definitions of economic condition
1

n the condition of the economy

Examples:
Great Depression
the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
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
Type of:
condition, status
a state at a particular time

Sign up, it's free!

Whether you're a student, an educator, or a lifelong learner, Vocabulary.com can put you on the path to systematic vocabulary improvement.