recession etymology

Etymology:

The word "recession" comes from the Latin word "recessus," meaning "a going back" or "a withdrawal."

Meaning:

A recession is a period of temporary economic decline characterized by:

• A fall in overall economic activity
• Reduced employment levels
• Declining business profits
• Slowed consumer spending
• Reduced investment

Origin:

The term "recession" was first used in the early 19th century to describe a temporary downturn in economic activity. However, the concept of economic downturns has been recognized for centuries.

• In ancient Greece, Aristotle described the "crisis" or "stagnation" that could occur when too many people withdraw their money from the economy.
• In the Middle Ages, famines and epidemics led to severe economic disruptions.
• In the 18th and 19th centuries, economic downturns were often referred to as "panics" or "depressions."

The term "recession" gained widespread use in the 20th century, particularly after the Great Depression of the 1930s. Economists today define a recession as a period of economic decline that lasts for at least two consecutive quarters.

recession relate terms

• recess

  Etymology The word recess is derived from the Latin word recessus which means a go

• recess

  Etymology The word recess is derived from the Latin word recessus which means a go

• recessional

  Etymology The word recessional originates from the Latin word recedere which means

• recession

  Etymology The word recession comes from the Latin word recessus meaning a going ba

• niche

  Etymology French niche alcove recess from Italian nicchia niche recess probably

• corner

  Etymology The word corner comes from the Old French word corn which in turn comes fr

• long

  Etymology The word long comes from the Proto Indo European root leng meaning to stre

• concavity

  Etymology The word concavity is derived from the Latin word concavus which means ho

• withdrawal

  Etymology The word withdrawal is derived from the Middle English word withdraughte

• procession

  Etymology The word procession comes from the Latin word processio which is formed by

• back

  Etymology The word back is derived from the Old English word bæc which meant back

• rosary

  Etymology The word rosary comes from the Latin rosarium which means rose garden

• cleave

  Etymology Middle English cleven cliven from Old English clēofan to split divide

• text

  Etymology Etymology is the study of the origin and history of words It examines the diff