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Market System: Price, Demand and Supply
C/E/423. Free market economy, inequality and environmental concerns
- WORDS:
- 800
- DATE:
- 2009
- PRICE:
- 9.99 GBP
The paper examines the rule of supply and demand that governs a free market revealing its impact on the inequality in workforce, overpopulation and overexploitation of common resources. The issues of competition against low-cost producers are discussed using the example of the car industry and evaluating the role of new technology in car manufacturing.
KEYWORDS: Free market, Inequality, environmental concerns, low cost, car manufacturing,
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