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The financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. The major causes of the initial subprime mortgage crisis and following recession include international trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.
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Answer: The primary objective of competition policy is to enhance consumer welfare by promoting competition and controlling practices that could restrict it. More competitive markets lead to lower prices for consumers, more entry and new investment, enhanced product variety and quality, and more innovation.
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According to <span>The Gospel of Wealth, every person has to get paid the same amount of money, whereas the idea of social Darwinism is that only the strongest will survive, so, I bet the way how </span><span>the gospel of wealth justifies social darwinism is that if everyone will get paid the same amount of money, the strong person won't be able to win as everyone would be alike (reminds of basic ideas of socialism).
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