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How valid are the economic laws?

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Anonymous

13y ago
Updated: 8/20/2019

ECONOMICS is the study of how human beings coordinate their wants and desire given the decision making mechanism social customs and political realities of the society. laws of economics are general statement which expresses a relationship of cause and effect between two economic phenomenon.Example of economic law is the law of supply state that the higher the price the higher the supply and the lower the pries the lower the supply holding all other factors constant.

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13y ago

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