Define a depression

Word Origin late Middle English: from Latin depressio(n-), from deprimere ‘press down’ (see depress). A depression is a severe and prolonged downturn in economic activity. In economics, a depression is commonly defined as an extreme recession that lasts three or more years or leads to a decline in real gross domestic product (GDP) of at least percent. Low levels of consumer confidence during times of depression generally result in a severe drop in consumer demand and spending.

Fortunately, it is also treatable.

It is not a sign of personal weakness or a condition that can be wished away. Depression is not the same as a passing blue mood. Unemployment reaches , housing prices plummet , and prices fall.

They define a recession as the time when business activity has reached its peak and starts to fall until the time when business activity bottoms out. When the business activity starts to rise again it is called an expansionary period. By this definition, the average recession lasts about a year.

It causes severe symptoms that affect how you feel, think, and handle daily activities, such as sleeping, eating, or working.

To be diagnosed with depression, the symptoms must be present for at least two weeks. 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. Also called major depressive disorder or clinical depression , it affects how you feel, think and behave and can lead to a variety of emotional and physical problems. According to the DSM- a manual doctors use to diagnose mental disorders, you have depression when you have five or more of these symptoms for at least weeks: A depressed mood during most of the. The difference between the two terms is not very well understood for one simple reason: There is not a universally agreed upon definition.

If you ask 1different economists to define the terms recession and depression , you would get at least 1different. COBUILD Advanced English Dictionary. While there is also no standard definition for depression , it is commonly defined as a more severe version of a recession. Definition: Economic depression is a time period when the economy slows down and there is widespread unemployment, lack of investments and scarce demand for consumer goods. It may feature sadness, difficulty in thinking and concentration and a significant increase or decrease in appetite and time spent sleeping.

To the northwest lies a depression with clouds and rain. What does depression mean? Oxford Dictionaries as Feelings of severe despondency and dejection. A long and severe recession in an economy or market.

An example of depression is when you feel sad all the time. Those who suffer from depression experience persistent feelings of sadness and hopelessness and lose interest in activities they once enjoyed.

Many people think that depression just means a person is very sad. However, depression can cause many symptoms in the body as well as mood problems. Clinical depression is the more-severe form of depression , also known as major depression or major depressive disorder. Prices fall, reducing purchasing power.

There tends to be high unemployment, lower productivity, shrinking wages, and general economic pessimism. Yet, depression is a highly treatable illness, with psychotherapy, coping and cognitive-behavioral techniques, and medication. The definition of depressed is someone in a sad or unhappy state, or something that has been pushed down. A person who cannot shake his sadness and who has to take Prozac is an example of someone who is depressed. When the economy is struggling due to high unemployment rates and lack of consumer confidence, this is an example of a depressed economy.

A loss of interest in activities or feeling sad and down are symptoms that characterize this condition. It is more severe than a recession (which is seen as a normal downturn in the business cycle). There is no official definition for a depression , even though some have been proposed. It is important to note that, in this framework for long-term treatment of depression (1 15), emphasis is placed on the symptomatic aspects of the course of a major depressive episode.

This is in line with recent definitions of remission in psychotic disorders (1 17) and anxiety disorders (18).