| NOUN | state | economic condition | the condition of the economy |
|---|
| Meaning | The condition of the economy. | |
|---|---|---|
| Narrower | depression, slump, economic crisis | A long-term economic state characterized by unemployment and low prices / 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 / profits and full employment | |
| recession | The state of the economy declines | |
| shakeout | An economic condition that results in the elimination of marginally financed participants in an industry | |
| softness | A state of declining economic condition | |
| wage setter | Any economic condition or variable that serves to set wage rates | |
| Broader | condition, status | A state at a particular time |
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