1. Recession or Depression?
... layoffs, bank closings and the stock market plummeting, many people are talking about economics and throwing around terms like recession and depression. The problem is that many people don't know what the terms actually mean or when to use them appropriately. To some ... massive unemployment, bread lines, and mass migration as people moved around the country looking for jobs, housing and food. Another important factor about economic depression is that it tends to be on a much larger scale, afflicting several nations or even the whole world rather than just a small area. ... a recession ...
- Word Count: 570
- Approx Pages: 2