Depression is a high-handed monster, and if handled carefully it is not so troublesome. Comment.
Depression reflects slowdown of economic activities on all fronts and therefore is a cause of concern for the government and society at large.
However, if tackled carefully taking appropriate monetary and fiscal measures, it may prove useful.
As it has happened in 1929 in America, and also in the years from 2008 to 2012 in the context of slow down of the Indian economy.
