Based on the topic: An Investigation into the $2008$ Global Recession and its Contributing Factors and the Research Question: What were the most substantial factors that contributed to the global recession of $2008$ in the United Kingdom?$$

i$)$ Formulate the following:

Background of the research topic$/$problem being investigated

$$ Research Problem: The problem statement provides a clear and concise description of the issues that need to be addressed $-$ What specific problem of the area of economic research will you address?

$$ Rationale for Research: the justification for undertaking a given study

$$ Research questions: These are narrow, challenging questions that address specific issues of inquiry.

$$ Purpose and Objectives of the Research: The purpose of the research provides the overall direction for the research while the objectives provide specific targets$/$goals that must be achieved to accomplish the purpose. The purpose is connected to the main research question while the objectives are connected to the sub research questions.

$$ Definition of Key Terms