Web2 adj If something is economic, it produces a profit. (=profitable) The new system may be more economic but will lead to a decline in programme quality. WebAn economic depression is a long period during which the economic does not grow, and unemployment remains very high. We often refer to it simply as a ‘ depression .’. It is a more severe and longer-lasting form of …

What does economic depression mean? - Definitions.net

WebDepression is defined as a severe and prolonged recession. A recession is a situation of declining economic activity. Declining economic activity is characterized by falling output and employment levels. Generally, when an economy continues to suffer recession for two or more quarters, it is called depression. Description: The level of ... WebIn economics, a depression is a period during which business, employment, and stock market values fall to very low levels for a significant amount of time (typically more than three years). The Great in Great Depression refers to the fact that it was the worst depression in U.S. history. state farm insurance hickman ne

DEPRESSED definition in the Cambridge English Dictionary

Web1. Designed or functioning to make effective use of money or effort invested: an economical heating system; an economical approach to control of corporate growth. 2. Prudent and thrifty in management; not wasteful or extravagant. See Synonyms at sparing. 3. WebEconomically depressed area means an area which the commission by resolution determines to meet all of the following criteria: (1) The state highway project is … WebWhat is another word for economically deprived? Need from our thesaurus that you can use instead. Adjective Poverty-stricken or very poor economically disadvantaged financially disadvantaged underprivileged badly off broke deprived hard up impoverished indigent in need needy poor in dire straits disadvantaged on the breadline down and out state farm insurance herbie strange