Question

Write the main causes and consequences of the economic crisis.

Answer 1

Explanation:

Increased unemployment, loss of income and increased vulnerability have been among the dominant social impacts of the crisis.

Answer 2

High unemployment levels can result from aneconomic crisis in action or can be one of thecauses of it. An economic crisis can occur when high interest rates, tight lending and a decrease in consumer spending results in companies letting go of employees to survive the economicdownturn.