Home » Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.) [keyword

Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.) [keyword

by Tratamientorosacea



A lot of people tend to use the terms “financial crisis” and “economic crisis” as if they are interchangeable but… well, they’re not. As a general rule, think of an economic crisis as a broader description, one that encompasses the economy as a whole with its numerous sectors: from manufacturing to, yes, the financial industry.

In contrast, we have a financial crisis which, as the name suggests, affects the financial sector exclusively and therein lies the nuance one needs to understand: while either can cause the other (as explained in this video), the general rule is that economic crisis represents the broader term.

The comparison becomes easy enough to understand if we start using examples.

As an example of a financial crisis which ultimately generated an economic one, we have the (in)famous Great Recession and as an example of an economic crisis which ended up causing significant enough damage to also bring about a financial one, we have 2020’s developments.

Again, comparing them isn’t the least bit difficult and through this video, I’ve done just that… from definition to examples 🙂

Images related to the topic financial crisis

Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.)

Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.)

Search related to the topic Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.)

#Financial #Crisis #Economic #Crisis #Minute #ExplanationComparison #Definition #Examples
Financial Crisis vs. Economic Crisis: One Minute Explanation/Comparison (Definition, Examples, etc.)
financial crisis
See all the latest ways to make money online: See more here
See all the latest ways to make money online: See more here

Related Videos

11 comments

One Minute Economics 14/09/2021 - 4:00 Sáng

One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): https://www.youtube.com/watch?v=io04ckq1X1M

Reply
Chad _ 14/09/2021 - 4:00 Sáng

But what do you think should our government do to minimize economic crisis?

Reply
Luisa Grigorescu 14/09/2021 - 4:00 Sáng

Love your channel! ❤️

Reply
U R NIKHIL BHAT_1NT16EC165 14/09/2021 - 4:00 Sáng

Can you make a video on monetary vs fiscal policy, a its motivation areas it affects,advantage and disadvantages?

Reply
Lily Paulson 14/09/2021 - 4:00 Sáng

Excellent explanation. Thank you very much!

Reply
Jay Tree 14/09/2021 - 4:00 Sáng

this video is stupid.. they dont say how money is made because they dont know it fuckin dumb

Reply
R. M 14/09/2021 - 4:00 Sáng

Plz cover the economic impact of Covid 19

Reply
Linda F Maseko 14/09/2021 - 4:00 Sáng

Can someone please make me understand. Why are financial markets so IMPORTANT and why does everyone panic when they're falling, why does it matter. Example, the Dow Jones has fallen recently and it's all over the news. Who loses/makes money.
And also for single stocks, why do we care when they drop drastically. Why does the underlying company panic? I can't seem to find answers. Thanks you in advance

Reply
Stephen H 14/09/2021 - 4:00 Sáng

Great video, would appreciate more videos surrounding the COVID-19s effects on the economy.

Reply
David Sarif 14/09/2021 - 4:00 Sáng

You know things are very bad when people expect and ask the government to fix the problem.

Reply
Elias Nassour 14/09/2021 - 4:00 Sáng

Very nice video, straight to the point! Thanks a lot!

Reply

Leave a Comment