Mankiw's 10 Principles of Economics - Tom Spencer consulting blog
Tom Spencer
NOVEMBER 23, 2011
by Tom Spencer on November 23, 2011 · 1 comment  ·  Image Source. Markets are usually a good way to organise economic activity: Individuals and firms that operate in a market economy respond to prices and thereby act as if guided by an “invisible hand” which leads the market to allocate resources efficiently.
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