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-duties prescribed by law as some of the tasks of an administrative office; if officers fail to perform the duty as prescribed,they can be sued
Great Recession
A severe global economic downturn that occurred from late 2007 through mid-2009, marked by significant declines in GDP, high unemployment, and financial instability.
Trade Deficit
A situation where a country's imports exceed its exports during a specific period, leading to a negative balance of trade.
2008
A year marked by the global financial crisis, often associated with the fall of major banks and economic recession.
Trade Surplus
A situation where a country's exports exceed its imports, indicating a positive balance of trade.
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