n
d
t) n.
1. A source of opinion; a critic:
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o·ver·price (
v
r-pr
s)
vr-prs) tr.v. o·ver·priced, o·ver·pric·ing, o·ver·pric·es
Recessions are generally believed to be caused by a widespread drop in spending. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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To put too high a price or value on.
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Economic 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 economists as part of a normal business cycle.
Considered a rare and extreme form of recession, a depression is characterized by its length, and by abnormally large increases in unemployment, falls in the availability of credit— often due to some kind of banking/financial crisis, shrinking output and investment, numerous bankruptcies—including sovereign debt defaults, significantly reduced amounts of trade and commerce—especially international, as well as highly volatile relative currency value fluctuations—most often due to devaluations. Price deflation, financial crises and bank failures are also common elements of a depression.
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Economic recession
In economics, a recession is a business cycle contraction, a general slowdown in economic activity over a period of time.[1][2] During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, business profits and inflation all fall during recessions; while bankruptcies and the unemployment rate rise.Recessions are generally believed to be caused by a widespread drop in spending. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
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ɪˈtɪʃ
–noun
1.
a person who is active in party politics.
2.
a seeker or holder of public office, who is more concerned about winning favor or retaining power than about maintaining principles.
3.
a person who holds a political office.
4.
a person skilled in political government or administration; statesman or stateswoman.
5.
an expert in politics or political government.
6.
a person who seeks to gain power or advancement within an organization in ways that are generally disapproved.
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