How has the UK retail sector adapted to recent changes in the economic Literature review

How has the UK retail sector adapted to recent changes in the economic mode effectively - Literature review ExampleThe Global Financial Crisis had a profound impact on almost all parts of the human. Millions of people around the world had to change their lifestyles, many financial institutions went bankrupt, thousands of employees at sea their jobs, many people ended up living on the streets, governments in most part of world had to interfere, with bail out plans regardless of the fact that how capitalistic and free market their frugality was, to save their institutions. galore(postnominal) countries, which were climbing up the ladder of economic growth, witnessed decline in growth rates and worse, many westbound countries ended up posing shrinking of the economy. Stock markets in all around the world crashed actually badly. The Gross Domestic Product of the world economy was 61.38 Trillion US dollars in the course 2008, which wild down to the level of 58.26 trillion in the year 2009. The trend also continued in the year 2010, however, there are no authentic figures released for the same yet (Buckley, pp. 201-203, 2011 United States Financial Crisis Inquiry Commission, pp. 28-30, 2011). nearly the countries, specifically the United States government turned towards the Keynesian school of thought of overcoming an economic recession. John Maynard Keynes, who became boastful in the United States and Europe during the great depression, strongly believed that there is no invisible hand in the economy, which causes business troughs and peaks. If an economy wants to move upwards in the business cycle then the economy leave have to increase its heart and soul demand, which is the sum of consumption, investment, government spending and net exports (exports minus imports). Higher aggregate demand would force the economy to move towards an upward spiral of growth and thus pushing the economy towards a boom. In hope of stimulating the economy with fiscal packa ges, the US government announced bailout packages of expense more than one trillion US dollars to help the economy to recover (Carpenter, Sanders & Harling, pp. 3148-352, 2011). The UK government also injected coin into the economy in various fashions to help solve the liquidity crisis. The United States injected money into various corporations much(prenominal) Fannie Mae and Freddie Mac,