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Market failure occurs when prices do not fully reflect social costs. Externalities are spillover effects of a transaction that affect a third party not involved in the transaction. The negative health eff...
Intro: UK unemployment currently at 4.4%, a four-decade low, question remains how to lower it further with growth forecasts falling and business confidence faltering. Para 1: A tr...
The price elasticity of demand, which measures the sensitivity of demand when price changes, for medical treatment is often low when people have medical insurance since the insurance company will ...
The Kalam argument is a cosmological argument and is of a deductive nature - that is to say it is logically structured in such a way that if all the premises are true, then the conclusion must be...
When the interest rate is high in a country it encourages investors to convert their money, e.g. into pounds, and invest their money in the country. The price change can be traced back to basic supply and...
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