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4 votes
What is the diference between an economic

depression and an economic recession? Why do
these happen?

User Jpellat
by
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1 Answer

6 votes

Answer:

i hope this helps

Step-by-step explanation:

A recession is a downtrend in the economy that can affect production and employment, and produce lower household income and spending. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity.

User Jeffrey Cash
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