It is going to take professionalism to deal with economic problems successfully.
A crisis is a dangerous situation, whereas a meltdown (by analogy to a nuclear reactor) is a complete collapse. A crisis, if not handled correctly, can result in a meltdown.
If you are referring to the recent meltdown in started only with financial services firms including banks. Economic meltdown is an unexpected but accelerated financial system failures resulting in drastic reduction in economic activity.
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It means the word is facing a recession.
It is the going down on the rate of economic activity of a country. It basically refers to increase in borrowings by government.
Prices of goods increased from the normal state.
Yes, there is a very good chance that the banks will cause another economic meltdown. The only way this can be avoided is if the government puts forth true bank regulation.
Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle. The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc
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Due to the economic meltdown the Government engaged in quantative easing.
when money looses most or all of its value
Take your education seriously, study hard , help around the house and don't worry.