Examlex
What two sociological perspectives are most closely linked to macrosociology?
National Output
National output is the total value of goods and services produced by an economy over a specific period, reflecting the economic productivity.
1929
The year marked by the Wall Street Crash, leading to the Great Depression, a significant worldwide economic downturn.
Recession
A period marked by a significant decline in economic activity across the economy, lasting for several months or more, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
World War II
A global conflict that took place from 1939 to 1945, involving most of the world's nations and marked by significant events that shaped modern history.
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