Answers

2016-06-24T20:52:03+08:00
Economics is the social science that describes the factors that determine the production, distribution and consumption of goods and services.

Cause of Economic Crisis: When people repay loans faster than banks are making new loans, it’s like draining the oil from the engine of a car: the economy slows down and prices decrease. As a result the economy risks slipping into a ‘debt-deflation’ spiral, where wages and prices fall but people’s debts do not change in value, leading to debts becoming relatively more expensive in ‘real’ terms. 
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