Articles related with Micro Economics, Macro economics Accountancy and Business studies useful for XI, XII, CS foundation, CA(CPT), BBA ,, and for other readers.


Thursday, 23 August 2018

Economic Crisis

Economic Crisis

Let as discuss about economic crisis. It is a stage of economic cycle. As the nomenclature shows that there is some crisis economically. It is a period when a businessman find difficult to meet the commitments. Commitments means obligation of business e.g. Creditors, Loan from financial institution etc. 

Economic Crisis

In the words of Adolph Wagner

" Crisis imply the overwhelming and simultaneous occurrence of inability on the part of independent entrepreneur to pay their debts."

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