Glossary

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Recession

Economy Term

Recession is a period of time when economic activity declines significantly. It is characterized by a fall in Gross Domestic Product (GDP), rising unemployment, declining consumer spending, and decreasing levels of business investment. In simple terms, it is a phase in the business cycle that is marked by reduced growth, decreased demand, and a slowdown in economic activities.

Recessions occur due to several factors, including a decrease in consumer demand, a rise in interest rates, inflation, a decline in production, and other economic factors. It impacts individuals, businesses, and governments alike, leading to reduced trade, decreased revenue, and higher unemployment rates in the affected countries.

In analyzing the economy, recessions are crucial indicators of economic health as they help to show where potential problems may be in the economy. Recessions help policymakers determine whether to take measures such as reducing taxes, increasing government spending, or adjusting monetary policies to stimulate the economy.

By studying past recessions, economists create models and theories to predict how future recessions may occur. This helps them to prepare for possible economic challenges and develop strategies to mitigate the impacts of recessions. The study of recessions is an essential aspect of the economic industry as it informs decision-making among policymakers, businesses, and investors.

More Glossary Terms Beginning with R

Radiolabeling
Process of attaching a radioactive isotope, such as Iodine 131.

Health Care Term Letter: R
Radiopharmaceutical
A radioactive compound used in radiotherapy or diagnosis.

Health Care Term Letter: R
Randomized Clinical Trial
A clinical trial in which the participants are assigned randomly to different treatment groups.

Health Care Term Letter: R
Rate of Change ROC
Rate of Change ROC Untitled Document Rate of Change ROC The Rate of Change (ROC) indicator is similar to momentum, a oscillator that measures the percent change in price from one period to the next. When ROC is above the 0-line and rising, prices are increasing at an increasing rate. If ROC is above the 0 line but is declining, prices are still increasing but at a decreasing rate. On the other han

Technical Indicator Letter: R
Rating Agency Condition
means the written confirmation or reaffirmation, as the case may be, from each rating agency then rating the notes that any intended action will not result in the downgrading of its then-current rating of any class of notes.

Financial Term Letter: R
Reagent
A chemical added to a sample under investigation in order to cause a chemical or biological reaction which will enable measurement or identification of a target substance.

Health Care Term Letter: R
Receivables From Customers
Primarily represents loans to customers which are included in accrued interest and accounts receivable on the Consolidated Balance Sheets.

Financial Term Letter: R
Receivables Turnover Ratio
A ratio that measures companys ability to collect the loans (Accounts receivables) it has provided to its customers by dividing revenus by accounts recievable. High ratio indicates that company efficiently collects it outstanding recievables. Accounts Receivables Turnover Ratio Formula = (Revenue / Receivables)

Fundamental Analysis Letter: R
Receptor
a protein on the cell surface or inside the cell that is the binding sites of ligands, including agonists and antagonists.

Health Care Term Letter: R
Recession
In general usage, the word recession connotes a marked slippage in economic activity. While gross domestic product (GDP) is the broadest measure of economic activity. The recession is often-cited as two consecutive quarters of negative GDP.

Economy Term Letter: R
RECIST
Response Evaluation Criteria in Solid Tumors, a US standard.

Health Care Term Letter: R
Recombinant
Novel DNA made by genetic engineering.

Health Care Term Letter: R

More in this Category

Advance monthly sales
The U.S. Census Bureau conducts the Advance Monthly Retail Trade and Food Services Survey (MARTS) to provide an early estimate of monthly sales by kind of business for retail and food service firms located in the United States. Each month, questionnaires are mailed to a probability sample of approximately 5,000 employer firms selected from the larger Monthly Retail Trade Survey (MRTS). Firms respo

Economy Term
Affiliate
means with respect to any entity, an entity that is controlled by a other company although the other company owns less than a majority of the other entity.

Economy Term
Agents and Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
ARPU
Average revenue per user

Economy Term
Balance of payments
Record of transactions between U.S. residents and foreign residents during a given time period. Includes transactions in goods, services, income, assets, and liabilities. It is broken down into the current accounts (international), capital accounts (international), and financial accounts (international).

Economy Term
Balance on current account
Current receipts from the rest of the world less current payments to the rest of the world, formerly called "net foreign investment." Current receipts equal exports of goods and services plus income receipts from the rest of the world; current payments are the sum of imports of goods and services, income payments to the rest of the world, and current taxes and transfer payments to the rest of the

Economy Term
Balance on goods and services
Record of the difference between exports of goods and services and imports of goods and services. In the broad sense, this balance is conceptually equal to net exports of goods and services, which is a component of gross domestic product (GDP).

Economy Term
Bonded Warehouses Manufacturing
Warehouses that are authorized by the United States Customs for storage or manufacturing of goods on which payment of duties is deferred until the goods are removed into Customs Territory. These goods are not subject to duties if reshipped to foreign points.

Economy Term
Brokers
Persons or organizations that act as a representative for others in negotiating contracts, purchases, or sales. Agents and brokers typically earn a commission or fee for their services and do not take possession of, or title to, any goods.

Economy Term
Business sector
All corporate and noncorporate private entities organized for profit and certain other entities that are treated as businesses in the national income and product accounts (NIPAs), including mutual financial institutions, private noninsured pension funds, cooperatives, nonprofit organizations that primarily serve businesses, Federal Reserve banks, federally sponsored credit agencies, and government

Economy Term
CE-marked
A compliance symbol indicating that a product meets the requirements of the European Union (EU) directives that apply to that product. CE stands for Conformit?e Europ?enne, which means European Conformity.

Economy Term
CFTC Commodity Futures Trading Commission
Commodity Futures Trading Commission, an independent agency with the mandate to regulate commodity futures and option markets in the United States.

Economy Term