77.4k views
3 votes
1. Explain how the Great Recession illustrated one of the weaknesses of a free enterprise economy.

User Gduh
by
8.1k points

1 Answer

3 votes
The great recession refers to the period of economic stunt/decline that happen for the past decades starated in the year of 2000.
The recession was initiated by the mortgage crisis, which caused by many enterprises leverage many asset ownership that backed only by credit/debt without any resources with value to guarantee it
User Deneene
by
8.2k points

Related questions

2 answers
3 votes
34.1k views
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.