definition

Recession

Business cycle

A recession is a contraction phase of the business cycle, or "a period of reduced economic activity." The U.S. based National Bureau of Economic Research (NBER) defines a recession more broadly as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP growth, real personal income, employment (non-farm payrolls), industrial production, and wholesale-retail sales." A sustained recession may become a depression.

Stock market crash

The London Stock Exchange

A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.

Matter

One contemporary view on matter takes it as all scientifically observable entities whatsoever. Commonly, the definition is limited to such entities explored by physics.

Music

The definition of music as sound with particular characteristics is taken as a given by psychoacoustics, and is a common one in musicology and performance. There are observable patterns to what is broadly labeled music, and while there are understandable cultural variations, the properties of music are the properties of sound as perceived and processed by humans.

Game

Definition

Monopoly Monopoly is the best selling board game in history. It is available in localized versions in many nations, such as this one in German.

 

Gambling


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