Examlex
Why do socioeconomic conditions play such a large role in both the commission of crimes and the likelihood of becoming a victim of crime?
Economic Expansion
A phase of the business cycle where the economy grows and experiences increased levels of production, employment, and consumer spending.
Stagflation
A situation in an economy where inflation rates are high while economic growth rate slows down and unemployment remains steadily high.
Recession
A span of brief economic recession where business and industrial output slows down, often evidenced by a drop in Gross Domestic Product across two successive three-month periods.
Recessions
Periods marked by momentary economic downturns with lesser trade and industrial operations, typically recognized by GDP reductions in two continuous quarters.
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