What is the difference between recession & depression? There is a chance of world to face economic depression?

Please explain in your own words, what you know as of now. Later research, learn & explain what you have understood.

Asked By: Gentleman - 1/11/2009
Best Answer - Chosen by Asker
Recession.....The act of seeing or withdrawing... More
Answered By: Rahul - 1/11/2009
Additional Answers (6)
I think its somewhere along the lines of giving, receiving, sharing, and caring
Answered By: Miss Milo - 1/11/2009
right now we're in a recession and if it gets much worse, we will be in a depression. so basically a depression is just a recession gone horribly wrong. lol.
Answered By: mikki - 1/11/2009
There are certain parameters which define a recession, that being the reduction of a nation's GDP (Gross Domestic Product) for two consecutive quarters... More
Answered By: Jackie Treehorn - 1/11/2009
Homework, dearie? Well, let me do a little research for you... More
Answered By: Madame M - 1/11/2009
Suppose every American had his home payed for. Therefore people did not have to come up with the money to pay rent and mortgages. So GDP could be allowed to go down without quality of life going down... More
Answered By: psikeyhackr - 1/11/2009
Recession is a slowdown in the economic activity of a country measured by GDP, per capita income, investment spending etc. A general definition mostly used is a negative GDP growth for two consecutive financial years but many times an economic slowdown for months resulting in negative production growth, negative GDP... More
Answered By: parixhit - 1/27/2014
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