I'm pretty sure it was St Jerome
Answer:
The protection of governments to consumers is very important in the capitalist system. This is so because capitalism as an economic system is based on the mass production of goods and services for the consumption of society as a whole. In this way, producers flood the market with their products, and through competition they regulate their prices, their quantity supplied, and their capturing power. However, indiscriminate competition often leads to prejudice to the rights of consumers, who are ultimately the ones who uphold the system through their interaction with the market. Therefore, the government must protect the rights of consumers, both to avoid abuse by companies and also to protect the consumption chain and thus avoid conflicts that may represent less economic production.
Which statement best explains financial crises in the global economy?
"A financial crisis in one country can quickly spread to other countries."
A financial crisis in the global economy refers to breaking trust between banks and deep stress in global financial markets. For example, a downturn that starts in the United States will soon spread to the rest of the world, through linkages in the global
financial system. So many banks around the world will have significant losses and will depend on their government that supports them to avoid bankruptcy.
