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From the sociological point of view, Mead viewed play and games as important to children's social development because they
Recession
An appreciable fall in economic activities spread throughout the economy, continuing for longer than a few months, typically observed in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy at constant prices.
Business Quarters
Divisions of the fiscal year into four equal parts, typically three months each, used by businesses to report earnings and assess performance.
Demand-Pull Inflation
An economic condition where prices rise because the demand for goods exceeds supply.
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