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The World Economic Crisis
An economic and financial crisis has engulfed the world. Banks have collapsed, stock prices have slumped and there has been an unprecedented decline in economic activity. The crisis began in 2007, in the wake of financial and real estate speculation in the United States, but it came after a long period of international financial instability,Continue reading “The World Economic Crisis”
Global economic crisis
Abstract Capitalism, an economic system whereby land, labor, production, pricing and distribution are all determined by the market, has a history of moving from extended periods of rapid growth to relatively shorter periods of contraction. The ongoing Global Financial Crisis 2008-09 actually has its roots in the closing years of the 20 th century whenContinue reading “Global economic crisis”
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