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Leonard Pokrovski

added blog Economics
2026-01-28 19:48:45 -

What Is a Depression in Economics?
What Is a Depression in Economics? In economics, a depression refers to a prolonged and severe downturn in economic activity. It is marked by sharp declines in production, employment, income, trade, and overall economic confidence. While the term is sometimes used loosely in everyday language, in economic analysis it has a specific meaning that distinguishes it from milder downturns such as...

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Leonard Pokrovski

added blog Economics
2026-01-27 18:48:10 -

What Is Deflation?
What Is Deflation? Deflation is an economic condition in which the general level of prices for goods and services falls over time. In simple terms, money becomes more valuable because each unit of currency can buy more than before. While lower prices may sound like good news for consumers, deflation is often viewed by economists as a warning sign of deeper problems in an economy. To...

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