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LSDefine

Simple English definitions for legal terms

recession

Read a random definition: plaidoyer

A quick definition of recession:

Recession: A time when the economy slows down a lot, people lose their jobs, and everyone spends less money. It's like when the whole country takes a break from buying and selling things. It's not as bad as a depression, but it can still be tough for a lot of people.

A more thorough explanation:

A recession is a time when the economy slows down. This means that there are fewer jobs available, people spend less money, and businesses invest less. It is a difficult time for many people and can last for a long time.

For example, during the recession of 2008, many people lost their jobs and homes. Companies stopped hiring and started laying off workers. People had less money to spend, so they cut back on things like eating out and buying new clothes.

Another example is the recession that happened in the early 2000s after the dot-com bubble burst. Many tech companies went bankrupt, and people lost their jobs. This led to a decrease in consumer spending and a slowdown in the economy.

These examples show how a recession can have a big impact on people's lives. It can be a difficult time, but eventually, the economy will recover and things will get better.

receptus | recessus maris

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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