Economic depression, a severe and prolonged downturn in economic activity, stands as one of the most disruptive forces impacting nations and individuals alike. Far exceeding a typical recession, depressions trigger widespread unemployment, plunging
Depression
Business Cycle: Understanding the Economy’s Ups & Downs [Phases and Characteristics]
The business cycle, the ever-present rhythm of economic rise and fall, is a fundamental concept for anyone seeking to understand the health of a nation's economy. This cyclical pattern, with its periods of expansion, peak, contraction, and trough,