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Essay on Issue behind Economical Crises of UK

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Added on  2020-06-03

Essay on Issue behind Economical Crises of UK

   Added on 2020-06-03

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BUSINESS SKILL – FINAL
Essay on Issue behind Economical Crises of UK_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................1Bankers bonuses were to blame for the 2008 financial crisis.....................................................1CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
Essay on Issue behind Economical Crises of UK_2
INTRODUCTIONBusiness is a process through which an organisation can attain large amount of profit andcan sustain at market for long term. There are some resources require to operate each and everysort of activity in an appropriate manner. These resources are limited in number and em0ployeesare consider as the best part of an organisation because with the help of them all goals and targetscan attain in an effective manner (Chodorow-Reich, 2013). Appropriate strategy is one in whichmanagement not only frame scheme for profit margin but also for the losses which are takingplace. If a company do not lead to do so then they have to suffer from heavy crises. Under thisessay a major thing is identified which is consider as one of a major issue of UK which tookplace in 2008 under which bankers are consider as the major problem behind the economicalcrises of a country. TASKBankers bonuses were to blame for the 2008 financial crisisIn united kingdom, one of a major thing which which took place in year 2008 is financialcrises. Chairman of financial authority measure that the major reason behind this thing isinappropriate incentives provided by bank to bankers. This is a consider as a major thing andfinancial inquiry commission stated that the main reason behind this thing is theinappropriateness of corporate governance. Moreover the goals and targets which are framed bythem are short termed. Thus, it signifies as the major issues which affect UK economy verybadly. Before discussing on this topic, a major reason and history of this crises have to bedetermine so that adequate information can be provided on topic. A brief history about crisis 2008-UK has one of a most appropriate economy in the world and it was consider as betterthan others. But in the year 2008, one of a major issue arose in United Kingdom, is the bankersbonus. That was treated as global crises of a country and the worst problem ever in the world. InUK mostly banks are run with the help of performing partnership under which they can maintaintheir operation in an effective manner (Erkens, Hung and Matos, 2012). They also measure theirbalance sheet for taking any appropriate decision for a business. But a major problem arosewhich is related with international market trade. The price of market get arise and thus it leads toaffecting the banks very badly. They also have to increase the prices of their shares and sale them1
Essay on Issue behind Economical Crises of UK_3

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