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Recession, Depression, Inflation, Stagnation?: Economics Concepts Which Matter

The public is, often, bombarded with, a variety of economic terms, which, often, instead of helping the untrained, better understand, merely confuses them. How often have we heard, terms, such as, recession, depression, inflation, stagnation, etc, but, many, have only a limited understanding, of what that means? As, a former, licensed, representative, and principal, for a financial services company, I have learned, and developed, an understanding, and appreciation, for what these mean, and their potential impacts. Often, I try to make others, feel more comfortable, by joking, that the difference, between, a recession and a depression, is, it’s the former, when it happens, to you, but, the latter, when I am affected! With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, these four concepts/ principles, and what they mean, and represent. 1. Recession: A recession is, generally, defined, as a period, of temporary economic/

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