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Reasons why it should be left to market forces: • competition in the provision of education can increase choice. Different types of education may be provided => profit motive could make more educationa...
Student should realise that the flood will reduce global supply of cotton, causing the supply curve on the diagram to shift left. The market equilibrium will therefore move along the demand curve until th...
Structure: A typical essay should start with an introduction, make 2-4 points, with each point having one paragraph to explain and analyse it and perhaps a separate paragrap...
Actual Output can be defined as the growth in the quantity of goods and services produced in a country, or in other words the percentage chance in GDP. While Potential Output is the change in the producti...
The budget deficit of the government is the amount that needs to be borrowed in order to allow the government to spend what they want to. The budget deficit can be reduced by either tax increases or a red...
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