Scarcity

News


Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Scarcity - definition

The problem of scarcity is regarded as the fundamental economic problem arising from the fact that, while resources are finite, society's demand for resources is infinite. Scarcity is a relative rather than an absolute concept - water is more scarce in the desert and less scarce in the rainforest.


WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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