Usually means: Severe, widespread breakdown of economy.
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We found 4 dictionaries that define the word economic collapse:

General (2 matching dictionaries)
  1. economic-collapse: Wordnik
  2. Economic collapse: Wikipedia, the Free Encyclopedia

Business (2 matching dictionaries)
  1. Economic Collapse, Economic collapse: Investopedia

Definitions from Wikipedia (Economic collapse)

noun:  Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).


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