All these economic words?

Question

there has been a lot of talk about economics in the news recently. what do all these words mean? like recesiion, negative equity and so one. i just want to find out

thanks in advance

Answer 1

www.dictionary.com

Answer 2

"Recession" is a term describing a downturn in the business cycle. It means that spending is going down, unemployment is rising and quality of life is falling.

"Negative equity" refers to when a borrower owes more than the item is worth, for example if a house is worth $200,000 the borrower might owe $250,000 instead.

If you want to find out more about other terms you may try the following:

In Google, type:

define:TERM

And it will retrieve a variety of different definitions for the term.

Otherwise, simply go to Wikipedia and search for the term there for a detailed article on a term you are unsure about.