Basic Details
Word: Recession
Part of Speech: Noun
Meaning: A period when the economy is not doing well, and businesses and people earn less money.
Synonyms: Downturn, decline, slump
Antonyms: Recovery, growth, boom
Idioms and Phrases
- Down in the dumps: To feel sad or depressed about a situation. Example: "Many people were down in the dumps during the recession because they lost their jobs."
- Between a rock and a hard place: To be in a difficult situation where there are no good choices. Example: "Small businesses are often between a rock and a hard place during a recession, struggling to stay open."
Usage Examples
Example 1: The recession forced many families to cut back on their spending and save more money.
Example 2: During the recession, many businesses had to lay off employees to reduce costs.
Example 3: Economists are studying the causes of the recession to prevent it from happening again in the future.
Fun Fact
Did you know that recessions can often lead to increased creativity and innovation as people and businesses look for new ways to adapt and survive?
Famous Quote
"The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic." Peter Drucker
Multiple Choice Questions (MCQs)
1. What does "recession" mean?
a) A time of economic growth
b) A time when the economy is not doing well
c) A period of happiness
d) A type of investment
Answer: b) A time when the economy is not doing well
2. Which of these is a synonym of "recession"?
a) Recovery
b) Decline
c) Boom
d) Growth
Answer: b) Decline
3. Which sentence uses "recession" correctly?
a) The recession helped businesses grow quickly.
b) The recession caused many people to lose their jobs.
c) The recession was a time of great celebration.
d) The recession increased everyone's income.
Answer: b) The recession caused many people to lose their jobs.
4. What does the idiom "down in the dumps" mean?
a) Feeling very happy
b) Feeling sad or depressed
c) Feeling very energetic
d) Feeling excited
Answer: b) Feeling sad or depressed
5. What is the opposite of "recession"?
a) Decline
b) Growth
c) Slump
d) Downturn
Answer: b) Growth
