Choose the word that describes the best antonym (opposite) of the following words.
Recession
Answer & explanation
Correct answer: option 2
The best antonym (opposite) of the word "Recession" is:
Option 2: Inflation
Explanation:
- Recession refers to a period of economic decline, characterized by reduced economic activity, lower consumer spending, and often rising unemployment.
- Inflation, on the other hand, is the opposite of recession. It refers to the general increase in prices of goods and services, resulting in the decrease in the purchasing power of money. Inflation usually occurs during periods of economic growth.
Option 3: Poverty is related to economic hardship and lack of resources but is not the direct opposite of recession. A recession can lead to increased poverty, but they are not antonyms.
Option 1: Education and Option 4: Computerization are not directly related to the economic state of a country and are not antonyms of recession.