economic failure
Financial system breakdown
Economic failure describes the collapse or severe dysfunction of an economy or economic system.
It can refer to a nation's economy falling into prolonged depression, hyperinflation, or inability to provide basic goods: The country's economic failure led to widespread food shortages.
The term also applies to failed businesses, policies, or theories: The stimulus package was dismissed as an economic failure.
Unlike recession, which implies a temporary downturn, economic failure suggests fundamental breakdown.
- recessionProlonged economic decline
- bankruptcyLegal status when insolvent
- going underFailing or submerging
- collapseSudden structural failure
- crashSudden violent impact
depression · market crash · downturn · bottom falling out · insolvency · bust · ruin · unemployment · pink slip · foreclosure · debt · in the red · poverty · stagnation · bank run · default · bailout · austerity
economic failureprosperity
Good fortune, success
economic growth · economic boom · affluence · economic miracle · wealth creation
economic failureboom
Loud deep sound
economic boom · economic expansion · expansion · recovery · upturn
economic failureprofitability
Capacity to generate gain
commercial success · solvency · market dominance · going concern · sustainable growth
economic, economy, economics, economical, economically, economist, economists, economies, econometrics