Economics Independent Learning Project
Economics Independent Learning Project
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About
Concepts
Demand and supply
Price elasticity
Market Failure
Controversy
Pros & Cons
Thesis
>
Increase in standard of living
Reduces income inequality
Increases efficiency of resource allocation
Antithesis
>
Inflation
Increase in unemployment
Decrease in competitiveness
Our Stand
References
decrease in competitiveness
of local goods.