Impact of the 2008-2009 crisis on the small business in your country
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The 2008 financial crisis is the worst economic disaster since the Great Depression of 1929. It occurred despite Federal Reserve and Treasury Department efforts to prevent it. It led to the Great Recession. That's when housing prices fell 31.8 percent, more than the price plunge during the Depression.
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there was a full-blown meltdown of the global financial markets. The impact on Indian economy was less severe because of lower dependence of the economy on export markets and the fact that a sizeable contribution to GDP is from domestic sources.
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