The-definition.com

Definition

Recession

Recession is a condition in which the total real GDP of an economy shrinks (usually, for at least two consecutive quarters).

A recession provides an opportunity for marketers to closely review how much and in what ways they are spending their money. In a recession, marketers must explore the upside of possibly increasing investments, get closer to customers, review budget allocations, put forth the most compelling value proposition, and fine-true brand and product offerings.


Recession is the cyclical economic contraction that lasts for six months or longer.


Recession is a period when aggregate output is declining.


Recession is a period or cycle in which the level of economic activity declines for at least six months.

Webster Dictionary Meaning

1. Recession
- The act of receding or withdrawing, as from a place, a claim, or a demand.
- The act of ceding back; restoration; repeated cession; as, the recession of conquered territory to its former sovereign.
References
Share it:  Cite

More from this Section

  • Banks
    Banks are a company that accepts deposits and issues new loans. It makes profit by charging ...
  • Worm
    Worm is the small piece of software that exploits a security hole in a network to replicate ...
  • Investment-grade bond
    Investment-grade bond is the bond with a rating of BBB or above. ...
  • Unintentional Tort
    Unintentional Torts are types of unintentional accidents that result in injury, property ...
  • Assets revaluation reserve
    Assets revaluation reserve is an amount of money from profits not paid as dividend, but ...