By Robert Genetski Government data show the economy grew by 3 percent over the past year and is continuing to grow this spring. Normally, when the economy grows by 3 percent it is something to celebrate. Real growth means living standards are increasing and the main challenge is how to spend the newly acquired income. […]
Tag: Economic Depression
An economic depression is a period of sustained, long-term downturn in economic activity in one or more economies. It is a more severe economic downturn than a recession, which is a slowdown in economic activity over the course of a normal business cycle.