I
In economics, a major downswing in the business cycle characterized by sharply reduced industrial production, widespread unemployment , a serious decline or cessation of growth in construction, and great reductions in international trade and capital movements.
Unlike recession s, which may be limited to a single country, severe depressions such as the Great Depression encompass many nations. See also deflation ; inflation .
II
Neurotic or psychotic disorder marked by sadness, inactivity, difficulty in thinking and concentration, a significant increase or decrease in appetite and time spent sleeping, feelings of dejection and hopelessness, and sometimes suicidal tendencies.
Probably the most common psychiatric complaint, depression has been described by physicians from at least the time of Hippocrates , who called it melancholia. Its course is extremely variable from person to person; it may be fleeting or permanent, mild or severe. Depression is more common in women than in men. The rates of incidence increase with age in men, while the peak for women is between the ages of 35 and 45. Its causes can be both psychosocial (e.g., the loss of a loved one) and biochemical (chiefly, reduced quantities of the monoamines norepinephrine and serotonin ). Treatment is usually a combination of psychotherapy and drug therapy (see antidepressant ). A person who experiences alternating states of depression and extreme elation is said to suffer from bipolar disorder .