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What is the definition of recession?
asked Jan 14, 2011 by triuser (1,772 points)

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A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak.
answered Jan 14, 2011 by trianswer (22,754 points)
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It is a state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year .
answered Jan 19, 2011 by trianswer (22,754 points)
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a temporary depression or downwards movement in economic activity or prosperity
answered Jan 19, 2011 by trianswer (22,754 points)

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