Question

Final project – part v: global economic crisis speech discuss one or more of the economic systems and how they are impacted by and/or contributing to the economic crisis

Answer 1

capitalist economy is a private sector driven whereby all inputs of production is owned by private individuals or organizations. This economic system supports liberal markets and open economy which is subject to international trade relations.This as a result makes the individual system vulnerable to economic crisis as there is only one acceptable global monitory instrument which is highly volatile and can lead to economic crisis if there are not enough individual nation's monetary and macro economic policies.