The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "<span>the economy suffers because banks have less money to loan to others."</span>
The banking industry has been of much importance in an economic system because it provides financial sustenance to the consumers through bank loans. However, if these bank loans get defaulted, "the economy suffers because banks have less money to loan to others."
The impact of America's wars on industrial production has varied dramatically, depending on the particular war and the stage of industrial development.
