Social Sciences, asked by PreciouStone, 1 year ago

meaning of extreme economic crisis

Answers

Answered by arryarijit04p9bkkh

an unstable situation of extremedanger or difficulty. economiccondition. the condition of theeconomy. Venezuela is five years into an economic crisis, suffering from hyperinflation and severe shortages in food and medicine.

Answered by nehu215

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economic crisis is a severe and sudden upset in any part of the economy. It could be a stock market crash, a spike in inflation or unemployment, or a series of bank failures. They have severe effects even though they don't always lead to a recession.

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