What is the definition of savings? a) money sent to the government as taxes. b) money used to pay off loan obligations. c) money left over after buying what is wanted or needed d) money used to buy things one needs such as shelter and food

C. The money left over after buying what is wanted or needed.

C. money left over after buying what is wanted or needed.

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.