Give two examples of Economic Events
Answers
Answer:
All the events which can be measured in terms of money are classified as economic events are recorded in the financial statements . It includes all the events like purchase of materials, sale of goods, acquisition of machinery, etc.....
These are the two example of
ECONOMIC EVENTS
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Answer:
2020: 2020 Recession and COVID-19 Pandemic.
Brexit vote in 2016.
China becomes the world's largest economy in 2015.
Greece's Debt Crisis Threatens the European Union in 2015.
Obamacare Expands Coverage to 20 Million in 2014.
Tsunami and nuclear disaster in Japan in 2011.
2008: Bailouts totaling billions
Explanation:
2020: 2020 Recession and COVID-19 Pandemic.
Brexit vote in 2016.
China becomes the world's largest economy in 2015.
Greece's Debt Crisis Threatens the European Union in 2015.
Obamacare Expands Coverage to 20 Million in 2014.
Tsunami and nuclear disaster in Japan in 2011.
2008: Bailouts totaling billions
Economic events are any occurrences that may be quantified in terms of money, and they are all noted in the financial accounts. It covers every monetary-valued event that is reported in the financial accounts, such as the acquisition of machinery, the selling of items, and the purchase of supplies.
An economic event is an occurrence that has financial consequences for a business organisation and thus consists of financial transactions. For instance, the selling of things, the procurement of materials, and the purchase of equipment.
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