Answer:
the impact panic and depression had on the nation,
Impact on Farmers
Panic and depression has limited the agricultural output due to economic crisis
2. It has made farmers encounter losses in investment
.Impact on workers
1. Due to economic depression, workers wont be able to show up at work
2. There could be a wide spread of hunger and strike
3. Workers might be forced to be involved in arm robbery and financial crimes
4. Panic and depression limits the productivity of the workers
5. There is a huge impact on the wealth of a state because tax payment will largely reduced
Impact on Business
1. Large unemployment rate: a situation whereby people atre willing to work , but there is no job to meet there basic needs
2. Revenue for businesses will be reduced
3. Business owners wont be able to perform there civic right and responsibility example tax payment, community development services etc
Success of Government Responses
1. Government has been able to put some financial policies in place to reduce inflation, hyperinflation and other economic crises.
2. Government has provided provided more jobs
3. They have been able to support the evolvement of small medium enterprise through the release of funds and social intervention scheme.
4. Governement has increased its security strength to fight against insurgency and terrorists attacks through empowering the military
Explanation:
the impact panic and depression had on the nation,
Impact on Farmers
Panic and depression has limited the agricultural output due to economic crisis
2. It has made farmers encounter losses in investment
.Impact on workers
1. Due to economic depression, workers wont be able to show up at work
2. There could be a wide spread of hunger and strike
3. Workers might be forced to be involved in arm robbery and financial crimes
4. Panic and depression limits the productivity of the workers
5. There is a huge impact on the wealth of a state because tax payment will largely reduced
Impact on Business
1. Large unemployment rate: a situation whereby people atre willing to work , but there is no job to meet there basic needs
2. Revenue for businesses will be reduced
3. Business owners wont be able to perform there civic right and responsibility example tax payment, community development services etc
Success of Government Responses
1. Government has been able to put some financial policies in place to reduce inflation, hyperinflation and other economic crises.
2. Government has provided provided more jobs
3. They have been able to support the evolvement of small medium enterprise through the release of funds and social intervention scheme.
4. Governement has increased its security strength to fight against insurgency and terrorists attacks through empowering the military
