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A recession in basic terms. It is when the economy slows down. It is when people stop buying/selling/trading. The economy is the over all general money in a way and when it "slows down" the money gets lesser and everyone gets poorer. Economy means the system of production and distribution and consumption so when there is slow economic activity there is less of all of those. A period of slow economic activity is an amount of time where there is less production, distribution, and consumption. Generally causing a lack of money. The Great Depression was a recession in the USA and there was a lack of money because there was a lack of the system of production and distribution and consumption.

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The Great Depression

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Depression

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Q: A period of very slow economic activity?
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