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Report (BUS 301)
Report (BUS 301)
0 Introduction
Economics Crisis is a situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis. An economy facing an economic crisis will most likely experience a falling GDP, a drying up of liquidity and rising/falling prices due to inflation/deflation. An economic crisis can take the form of a recession or a depression. Also called real economic crisis. Major cause of Economic Crisis in Bangladesh is Inflation The general price level rises persistently over a period of time usually in a year is called inflation. There are three types of inflation I. II. III. Natural Suppressed Hyper (0-6%) (7-99) (100+) % according to the bureau of 2011.
Inflation is the evil for society but due to the economic growth and development it must be exist in economy. If it is natural inflation then there is no any problem for development. If it is suppressed or hyper inflation it will affect economic growth and development. Consequences of inflation I. II. III. IV. V. VI. VII. Unemployment will take place Lower economic growth & development Lower per capital income Lower standard of living Low export Low investment Low national income
The government may control inflation with the help of two Policy. I. Fiscal policy - Taxation - Government expenditure Monetary Policy - Rate of interest - Money supply
II.
Finally, in our research, Economic crisis occurred due to inflation causes widespread poverty and reduce the standard of living of people living in Bangladesh. As a result, to control it govt. takes some policy whether it can be reduced in an adjustable or tolerable situation.
1.6 Methodology
This reason of crisis to find out the opinion of the economics departments students on reason possible solution behind economics crisis and inflation so the basic method be to interview target sample through questionnaire. a) Secondary data: secondary data are those that have been collected from the internet and those data are on the basic information of related topics on economics crisis and inflation in Bangladesh. b) Primary date: survey of students of economics department of IUBAT will be conducted for primary data. Here target group will be interviewed to collect data about their opinion toward the reason and possible solution to the problem. A questionnaire will be used for interviewing the persons. The questionnaire will provide opportunity for respondents to comment openly for addition information.