Professional Documents
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Personal Debt
Personal Debt
Personal Debt
COURSE: BSIT
PERSONAL DEBT
CAUSES: EFFECTS:
Personal Explanation:
Debt
1. Increase of personal debt increases company
bankruptcy which is the debt was not intended to
gain profit or investment to expand the company
but to the expenses of personal consumption that
a company profit may be compromise.
Company 2. Increase of company bankruptcy will slow down
Employment
the economic growth, which is the national
Bankruptcy
income will decrease and output.
3. Decrease of economic growth will decrease the
employment, where the growth of economy is
insufficient to create new jobs
4. Decrease of employment will increase the case
personal debt.
Economic
Growth
Explanation:
Personal
Debt 1. Increase of personal debt increases company
bankruptcy which is the debt was not intended to
gain profit or investment to expand the company
but to the expenses of personal consumption that
a company profit may be compromise.
Livelihood Company 2. Increase of company bankruptcy will slow down
program Bankruptcy the economic growth, which is the national
income will decrease and output.
3. Decrease of economic growth will decrease the
employment, where the growth of economy is
insufficient to create new jobs
4. Decrease of employment will intervene through
increasing the government training on livelihood
Employment Economic
programs as well as encouraging individual to join
Growth
and support their small business gain from the
training.
5. Increase of livelihood program conducted by the
government will decrease Personal debt.