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NAL Agricultural Thesaurus
U.S. Department of Agriculture

Concept Breadcrumbs

Fields of Study > economics > economic outlook and situation > economic recession
Economics, Trade, Law, Business, Industry > economics > economic outlook and situation > economic recession
Preferred Term:

economic recession

Definition:
The contraction phase of the business cycle lasting for a few months to several years. A recession is generally viewed as an economic downturn that is less severe than a economic depression.
Concept Schemes:
NALT Full
Broader Concept:
economic outlook and situation
Related Concepts:
Entry Terms:
  • economic downturn
  • economic contraction
URI:
https://lod.nal.usda.gov/nalt/138167
Download this Concept:
RDF/XMLCreated 2010-10-18, last modified 2014-09-22