How do the Great Recession and the 2020 pandemic in the economy compare or differ economy-wise?

1 answer:

5 0

The Great Recession and the 2020 pandemic differ in terms of the economy in terms of their scope, with price and unemployment indices varying for example.

<h3 /><h3>What can be learned from past recessions?</h3>

Experts can seek guidance from past recessions, but considering the differences between them, to mitigate losses, that is, through lessons learned in the past, decision-making for a future recession can be more effective.

Therefore, The Great Recession and the 2020 pandemic had different scopes, but some lessons and public policies can be favorable for a faster economic recovery.

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According to the functionalist perspective, all social institutions, including education, have functions that are the hidden, un

Ronch [10]

The correct answer would be, Latent Functions.

According to the functionalist perspective, all social institutions, including education, have functions that are hidden, unstated and sometimes unintended consequences of their activities. These functions are called as the Latent Functions.

Explanation:

The unconscious, unintended and beneficial functions are called as the latent functions. These functions have usually positive impact on the society.

For example, if we take the social institution of Education, we can see that the main purpose of Education in the country is to make children and youth literate. The latent function of Educating a society would be the awareness and the socialized behavior of the people. Cognitive skills are also seen and can be enhanced through education.

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just world phenomenon

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