INTB 1202 Chapter Notes - Chapter 1: Emergency Economic Stabilization Act Of 2008, List Of Black Mirror Episodes, Consumer Confidence
14 Sep 2016
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Document Summary
Changes in technology cause a rapid change in the way that produce and deliver good and services. Through the use of the internet and other forms of communication such as smartphones, companies are expanding international operations. Additionally the workforce has become more diverse. Many companies are being held accountable for the actions of their executives and are expected to be good corporate citizens. Businesses are still facing the lingering effects of the greatest economic crisis since the great depression. Economic issues that began with the housing and mortgage industries as a result of troubled subprime mortgages spread throughout the economy. In 2008 banks stopped giving out loans and credit markets froze. By using a 700 billion dollar wall street bailout lawmakers tried to get money flowing again. Despite this effort businesses and individuals were still denied access to needed credit. Loss of credit caused businesses to lose faith in the economy, this caused them to spend less.
