What is the difference bewteen the 2008 Financial Crisis and the current Covid Crisis in the economy? (From the article assigned to you) The 2008 Financial crisis was caused by a default in the fundamentals of the economy (Sub Prime loans) while the Covid Crisis is caused by the large companies like Google, Apple and Facebook, due to Covid. The basic causes of both the crisis is the same but the effect on unbemployment is different The 2008 Financial crisis was caused by a default in the fundamentals of the economy (Sub Prime loans) while the Covid crisis is caused by the exogenous shock due to Covid. The 2008 Financial crisis was caused by a default in agricultural loans while the Covid crisis is caused by the demise of the banking sector due to Covid