the severity of the fall in economic activity

Under the first definition, each depression will always coincide with a recession, since the difference between a depression and a recession is the severity of the fall in economic activity.

and extended duration

Depressions are distinguished from recessions by their severity and extended duration.

periods of economic decline

Durations of financial prosperity are usually called expansions or booms; periods of economic decline are referred to as recessions or depressions.

the difference between a recession and a depression

What’s the difference between a recession and a depression?

Depression

To me the difference between a recession and a depression is that a recession is self-correcting, a depression needs a kickstart.

depression's duration

Another way to distinguish depression from a recession is depression's duration.

from a depression, which is longer and more severe

A recession differs from a depression, which is longer and more severe.

the process by which the economy adjusts to the wastes and errors of the monetary boom, and reestablishes efficient service of sustainable consumer desires

The "recession" or "depression" is actually the process by which the economy adjusts to the wastes and errors of the monetary boom, and reestablishes efficient service of sustainable consumer desires.

by their severity

Depressions are distinguished from recessions by their severity and extended duration.

the necessary process by which the market liquidates the distortions of the boom and returns to the free-market system of production organized to serve the consumers

The inflationary expansion of money by the governmentally run banking system creates over-investment in the capital goods industries and under-investment in consumer goods, and the “recession” or “depression” is the necessary process by which the market liquidates the distortions of the boom and returns to the free-market system of production organized to serve the consumers.

a depression

Do you know the difference between a recession and depression?

a blip, depression

In free non-propagandist nations, a country countless trillions of debt can be rated AAA, a recession is a blip, depression a recession, detaining people for “state secrets” clauses (Manning) and CIA/Military task forces built around lies and smear campaigns are not actually on the gov’t payroll.

labels

Depression and recession are simply labels, and in the event you can really see 2008 as being one fairly than the opposite, the opposite is only because you were not affected by the opposite.