1. Economics and Government Regulations
This unfair competition makes it harder for small firms to survive and for new players to enter the market. ... Moreover, some economists believe that the big firms should not be broken into smaller ones. ... In fact, the Great Recession in the 1930s was caused by the failing of many small local banks. ... He states that in 1983, before financial institutions got too big and the New Deal regulation was still in place, the government still feared that the Latin debt crisis would put some major banks into trouble. ... The second solution is breaking those firms up into smaller ones. ...
- Word Count: 2282
- Approx Pages: 9