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recession |
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recession: see depression depression, in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a high level of unemployment. ..... Click the link for more information. . recessionDownward trend in the business cycle characterized by a decline in production and employment, which in turn lowers household income and spending. Even though not all households and businesses experience actual declines in income, they become less certain about the future and consequently delay making large purchases or investments. Consumers buy fewer durable household goods, and businesses are less likely to purchase machinery and equipment and more likely to use up existing inventory instead of adding goods to their stock. This drop in demand leads to a corresponding fall in output and thus worsens the economic situation. Whether a recession develops into a severe and prolonged depression depends on a number of circumstances. Among them are the extent and quality of credit extended during the previous period of prosperity, the amount of speculation permitted, the ability of government monetary and fiscal policies to reverse (or minimize) the downward trend, and the amount of excess productive capacity. Compare depression. recession 1. Economics a temporary depression in economic activity or prosperity 2. Religion the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Ratcliff does not see a recession on the horizon nor a decline in home prices. recession since 1950 has been preceded by a sharp drop in the yield curve spread, the difference between long- and short-term interest rates. The main agents causing gingival recession that have been described in the literature are dental plaque, (1) destructive periodontal disease, (2,3) mechanical trauma, (4,5) areas with absence or a narrow zone (width) of attached gingiva, (6) muscular inserts near the gingival margin, (7) reduced thickness of the alveolar bone in the buccolingual side, (8,9) root prominence, (10) irregular tooth alignment in the dental arch, (11) margins of gingival restorations (12,13) and viruses. |
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