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Exploring the Paradox of Value

Exploring the Paradox of Value

Diamonds command a higher price in the market as compared to water, when it is water without which human beings cannot live....
8 min read
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EconomicsOnline • February 04, 2020 • 2 min read

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PED Price elasticity of demand
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Perfect competition Perfect competition
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Primary markets Primary markets
Externalities Externalities
Natural_monopoly Natural monopoly
AD-AS AD-AD model
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How to Stop Inflation?

How to Stop Inflation?

Governments want to control a high inflation rate because it is harmful for the economy in many ways....
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