Question

discuss how this financial crash impacted you, your family, a career you may have been laid-off from, and/or someone you know that was affected.

Answer 1

Fianancial crash can be considered as a major problem for the whole economy. It can very much adversely affect the stable growth of the economy. This can be different types that the sudden loss of large portion of nominal value will leads to financial crisis. Financial crisis happens when the value of finanacial commodities began to diminishing and sudden loss in these commodities . Stock market crash and withdrawel of investment at a large quantity will leads to finanacial crisis.

So how the financial crisis affect me or a common man in the economy. This question should be asked and we should understand in how way these financial crisis will affect all the consumers and other people in the economy. Financial crush will leads to loss the wealth of the people in the economy and value of currency will get diminishing and it will make us to export and the import of the goods will become low. So we didnt get any cheaper products in the market and it leads to a significant decline in economic activity. So if the economic activity declined then the production of goods will also decline. It will leads to non availability of product. The anoher problem is that the employment opportunities will also get diminished. This is one of the main problem which affects me personally . Becsuse seking a job is very difficult task and if country is in a recession period and if our market and economy is dull then it is very difficult to get opportunities. So these evonomic problems will affect the normal life of all the people.

ThankYou...