- Declining business activities
- Falling prices
- Rising unemployment
- Increasing inventories
- Public fear
- An example of an economic depression was the Great Depression of 1929 which lasted ten years and forced millions into unemployment, homelessness, and near-starvation while factories shuttered due to declining orders.
- An example of an economic depression is a negative growth in the Gross Domestic Product (GDP), the measurement of national income and output for the economy.
The definition of an economic depression is a big decline in buying, production and selling in a country that lasts for several years.