Question

What was one of the main roots of the recession that began in 2008?

Answer 1

Answer:

One of the main roots of the recession that began in 2008 was bad loans made in the housing market.

Explanation:

Recession is a negative term which basically describes decline in economy that can drastically change, therefore, results in loss of a country. One such recession occurred in 2008

One of the root cause of the 2008 recession in the United States and Western Europe is a word called "subprime mortgage crisis". It means loans were given to the poor who have a very low income already. Such loans are highly risky. Now in mid-2000s, because of the housing problem in United States, lenders were preventing such borrowers. Other finance organizations also obtained these risky mortgage in huge number in the hope of earning profitable money. But this action was then proved to be an unfortunate event.

Answer 2

Answer:

b

Explanation: