recession

(noun) “[W]hen there are two or more consecutive quarters of economic decline” (OpenStax College 2012).

Audio Pronunciation: (re·ces·sion)

Download Audio Pronunciation: recession.mp3

Usage Notes:

  • Plural: recessions
  • A recession is compared and contrasted to a depression, with a depression lasting much longer.
  • Sociologists and economists study (adjective) recessionary aspects topics.

Related Terms: 

 


References

OpenStax College. 2012. Economic Systems. Connexions, July 16, 2012. (http://cnx.org/content/m42922/1.4/).

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