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Meaning of economic crisis | Babel Free

Noun CEFR B2

Definitions

A crisis caused by the general demand for goods within an economy falling below their supply, either temporarily or on a protracted basis, typically resulting in widespread bankruptcies of unproductive businesses and falling prices.

Equivalents

Čeština hospodářská krize
Deutsch Konjunkturkrise Wirtschaftskrise
Español crisis económica
Suomi talouskriisi
Français crise économique
Bahasa Indonesia krisis ekonomi
Italiano crisi economica
ქართული ეკონომიკური კრიზისი
Türkçe çöküntü

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

economic determinism economic emigrant economic equilibrium economic freedom economic growth economic human

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