economic condition

Other forms: economic conditions

Definitions of economic condition

1. noun

   the condition of the economy
   types:

   recession

   the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year

   depression, economic crisis, slump

   a long-term economic state characterized by unemployment and low prices and low levels of trade and investment

   full employment

   the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed

   prosperity

   an economic state of growth with rising profits and full employment

   softness

   a state of declining economic condition

   shakeout

   an economic condition that results in the elimination of marginally financed participants in an industry

   wage setter

   any economic condition or variable that serves to set wage rates

   boom

   a state of economic prosperity

   type of:

   condition, status

   a state at a particular time