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Recessionary Economy
An economic condition characterized by a significant decline in general economic activity over a sustained period.
Boom Economy
A phase of economic expansion characterized by rapid growth, increased production, and elevated consumer spending.
Variance
A measure of the dispersion or spread of a set of data points around their mean value; in finance, it's often used to measure volatility.
Portfolio Variance
A measure of the dispersion of returns of a portfolio's assets, indicating the degree of investment risk.
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