Credit demand, as well as, credit supply have been mentioned as primary contributing factors to economic decline. Credit supply culminates to increasing production costs, as well as, causing the short-run shifts in the aggregate supplies. This credit supply will as a result cause high inflation and lowering of the GDP leading to economic decline. Credit demand, on the other hand, leads to decreases in the bank lending consequently leading to low investments because of the higher interest rates brought about by the high credit demand. This would adversely affect the performance of the economy because of low investment levels. ...
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Experts delineate economic inequality in a somewhat diverse approach depending on the subject of discussion. For instance in pecuniary terms, economic inequality refers to a state of affairs in which income and wealth are asymmetrically distributed among individuals in a group or groups of the populace. Sentiments however differ on the general importance of economic inequality, its effects, and causes. One such divergence of thoughts regards the role of societal family structure in the upsurge of economic inequality. For example, DeParle argues that the inequality (economic or society) is partly attributed to the changes in nuptial patterns, rather than the conventional fluctuations ...
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