Economic Stagnation

Definition

Economic stagnation refers to a period of little or no economic growth, often resulting in low productivity and high unemployment rates. It can occur when an economy is unable to generate enough demand or when its productive capacity declines.

Related terms

Demographic Transition: The process of shifting from high birth and death rates to low birth and death rates as a country develops economically.

Dependency Ratio: A measure that compares the working-age population to the non-working-age population (children and elderly) within a society.

Labor Force: The total number of people who are employed or actively seeking employment in a country's economy.