DEPRESSION

Depression

In economics, a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession, which is seen by some economists as part of the modern business cycle.

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depression

Noun

  1. an area that is lower in topography than its surroundings
  2. in psychotherapy and psychiatry, a state of mind producing serious, long-term lowering of enjoyment of life or inability to visualize a happy future
    I used to suffer from depression, but now I'm mostly content with my life.
  3. in psychotherapy and psychiatry, a period of unhappiness or low morale which lasts longer than several weeks and may include ideation of self-inflicted injury or suicide
  4. an area of lowered air pressure that generally brings moist weather, sometimes promoting hurricanes and tornadoes
  5. a period of major economic contraction;
  6. Four consecutive quarters of negative, real GDP growth. See NBER.
    The Great Depression was an event in US history.
  7. a lowering, in particular a reduction in a particular biological variable or the function of an organ, in contrast to elevation


The above text is a snippet from Wiktionary: depression
and as such is available under the Creative Commons Attribution/Share-Alike License.

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