La crise économique
Definition
A economic crisis refers to a period of severe economic decline characterized by high unemployment rates, reduced consumer spending, and financial instability.
Analogy
Imagine you are playing a game where you earn points for completing tasks. Suddenly, there's a glitch in the game that causes everyone's points to disappear. People become frustrated because they can't buy things they need and businesses struggle to stay open.
Related terms
Le chômage: Unemployment represents the state of being without work when individuals are actively seeking employment but cannot find jobs.
L'inflation: Inflation is an increase in prices over time resulting in a decrease in purchasing power.
La récession: Recession is a significant decline in economic activity lasting for several months or even years.
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