when you lose yours

As the old saw has the old saw , a recession is when your neighbor loses poor Billy's job but a depression is when you lose yours.

especially prolonged or severe recession

An especially prolonged or severe recession may be called a depression, while a long period of slow but not necessarily negative growth is sometimes called economic stagnation.

depression

to further add to the definition, here's how to define recession and depression, according to a friend of mine: 'Recession is when your wife loses here job; depression is when you lose your job.'

when the GDP is declining by 10%,

The difference between recession and depression is when the GDP is declining by 10%, that means what the economy is experiencing is already depression.

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.

when you lose your job

A recession is when your neighbor loses Bonus Reagan's job; depression is when you lose your job.

the difference between a recession and a depression

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

degree of severity of the downturn

The difference between a recession and depression is the degree of severity of the downturn.

full scale depression

right, DEPRESSION is NOT a recession, but a full scale 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.

more common than depressions,

Recessions are more common than depressions, with, generally speaking, the single largest technical indicator that a recession is taking place being two consecutive quarters of negative economic growth.

when depression happens with the large ones

To rephrase, “Recession is when small businesses have bounced checks, depression is when depression happens with the large ones rdquo;.

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.

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.

a depression

Do you know the difference between a recession and depression?

if your the one with a job.. or the one without a job..

the difference between depression and recession is if your the one with a job.. or the one without a job..

recession is a significant decline in economic activity spread across the economy

Rather, a recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

the timeframe involved

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

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.

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.