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TOPIC:
THE WORLD FINANCIAL TURMOIL 2008
By
Maryam Naheed
TABLE OF CONTENTS
PAGE
1. INTRODUCTION………………………………………………………………………….3
2. WHAT CAUSE THE TURMOIL?...........................................................3-7
3. EFFECTS OF THE CRISIS……………………………………………………………7-8
4. SOLUTIONS & RECOMMENDATIONS…………………………………………8-10
5. CONCLUSION……………………………………………………………………………10
6. REFERENCES……………………………………………………………………….11-13
1. INTRODUCTION
Since the great depression in 1929, today’s global financial crisis is the worst and it is started in United States.
United States is well known with its capitalist system. There are limited roles of the government in U.S economy. Most part of the economy including factors of production is determined by market forces such as by individuals or customer and producer. The interaction between the producer and the customer will determine how much and what to produce in the economy. The government only controls national economy in which if they leave it to market forces to decide it will lead to inefficiency and ineffective. This includes providing goods and services such as national defense, assistance programs for low-income families, and interstate highways and airports (TheUSAonline.com, n.d). Beside, the government is also responsible in formulating policy and regulation in order to control the activity of the ...