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.

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.

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

Mises (1949) claimed that 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 servicing of sustainable consumer desires.

depression's duration

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

by their severity

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

a lack of confidence

“The difference between a recession, a very severe recession and a depression is a lack of confidence,” Mark Zandi said.

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.

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.

in addition to the severity and of each effects

Another difference between a recession and a depression, in addition to the severity and effects of each, is that recessions may be limited geographically (limited to a single country), whereas depressions (such as the Great Depression of the 1930s) can occur across many nations.'

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.

capitalism’s way of realigning demand with supply after interference by government price controls and manipulations

A recession or depression is capitalism’s way of realigning demand with supply after interference by government price controls and manipulations.

the timeframe involved

The major difference between recession and depression is the timeframe involved.