econimic downfal answer
Answer (2)
An economic downfall, or economic downturn, is a period when a country’s economy shrinks or grows very slowly. It usually means businesses earn less, people lose jobs, and overall spending drops. Causes can include factors like high inflation, reduced consumer confidence, financial crises, or external shocks (like a pandemic). During this time, economic activities slow, leading to lower production, income, and sometimes a recession.
An economic downfall happens when a country’s economy weakens. Businesses are closingPeople are losing jobsPrices may go up or income goes downThe country is not producing or selling as much as beforeCause of Economic DownfallPoor government policiesCorruptionWars or pandemicsNatural disastersLack of investments
