Clusters

Several definitions of clusters coexist as well as several applications to different social economic contexts.

bank failures and crisis

The financial crisis which started in August 2007 is recognized the largest turmoil since 1929�33[1].According to the Federal Deposit Insurance Corporation, since the beginning of the credit crunch, there are three banks failed in 2007[2], in total of twenty-five banks in the US have closed their doors and have been taken over by FDIC In 2008[3]. But since this year along, the number of the failed banks has been up to106 which is almost four times of the total number of bank failures in 2008[4].

Brazil facing several economic challenges

Brazil is also facing several economic challenges and at the same time has made great strides in a few economic areas. One challenge that faces Brazil today is that the poorest one-fifth of Brazil�s population makes up only 2.4% of the national income (Brazil County Brief).

business law

Business law is a wide body of laws relating to business organizations, business structures, and business transactions. included in the business law field are issues related to real estate, tax, and also the environment. Business law include the law that governing sales, contracts, commercial paper, agency and employment law, business organizations, bailments, and property.