Reference Entry

stagnation

Edited by John Black, Nigar Hashimzade and Gareth Myles

in A Dictionary of Economics

Fourth edition

Published in print January 2012 | ISBN: 9780199696321
Published online May 2013 | e-ISBN: 9780191759130
stagnation

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A situation in which there is little or no change in techniques or income levels. This is contrasted with development, when techniques are advancing and income levels increasing....

Reference Entry.  29 words. 

Subjects: Economics

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