The term that describes an urgent economic or political crisis is a crisis. Crises can emerge from a variety of circumstances, such as natural disasters, economic downturns, political instability, or social upheaval. These situations often require immediate and decisive action from leaders and institutions. During a crisis, public trust and confidence can wane, influencing how governance is perceived. Effective crisis management can restore stability and lay the groundwork for recovery, while failure to act decisively can lead to longer-term detrimental effects on society.