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Business skills and abilities

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Added on  2020-01-07

Business skills and abilities

   Added on 2020-01-07

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BUSINESSSKILLS
Business skills and abilities_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................11 Financial Crises of 2008 can be avoided by western nations..................................................12 Causes of financial crises.........................................................................................................2CONCLUSION:...............................................................................................................................4REFRENCES...................................................................................................................................5
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INTRODUCTIONBusiness skills are abilities and competencies which are required for effectively caringout different types of business activities from the organisation. The financial crises of 2008 weredisaster after great depression act of 1929. The report focuses about the conflicts that have beenavoided by western unions in 2008. Financial crises have great impact on the economy. Thebusiness skills help in improving the economy of the country.(Kornfeld, Sznol and Lee, 2015).The main cause for the financial crises were fights among the financial regulators, problems withthe availability of credit and the different ideologies of economies.1 Financial Crises of 2008 can be avoided by the western nationsAfter the great depression, the world economies faced financial crises. The economy ofthe world faces the dangerous crisis. In year 2007 the financial crises hit the global economy.The financial crisis was the combination of the mortgage assets and the debts. In the economythe financial has many similar types. In the economy, the financial stress was driven by therecession. financial stress that was driven by the recession in the economy in the past years. Thefinancial crises and the recession globally spread through the trade linkages and financiallinkages, there was availability of liquid factors in abundant quantity, strong leverages ineconomy, risk premium were low in the economy and the factors those contributed todevelopment of bubbles in the economy (Fleckenstein and Seeleib-Kaiser, 2011). From thefinancial crisis the positions of the economy was overstressed. The investment banks werepurchasing the mortgages from the mortgages issuers, repacking them for the selling purpose.There was a small change in the corners of the financial systems which was enough to carry outthe whole structure. The financial crises globally arrived in the economy and thus the crisestriggered with the great depression act of 1930.The great depression was a benchmark trigger in the financial crises of western nationsand thus it served as a great lesson. In the present time, the government and the central bankswere aware about financial crises and the impact of these crises on the economy. The mistakesneeds to be focused and avoided as these were common witnessed in European unions andelsewhere in the economy. The financial crises have an impact on the economy and due to thisreason, the large banks were running out of finance, the monetary policies in the economy wasremoved and flow of money in the economy stopped and thus the government have to implement
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