Concept information
Preferred term
too big to fail
Definition
- The term too big to fail refers to a corporation, an organization, or an industry sector that is considered by the United States government to be too important to the overall health of the economy to be allowed to fail. Beginning in the 1980s, the term was applied to the banking industry during the Continental Illinois Bank and Trust Company crisis. [Source: Encyclopedia of Business in Today's World; Too Big to Fail]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/too_big_to_fail
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