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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
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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