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Dwight Lee
Feb 17, 2021
CSE 2.7 Free trade: People achieve higher incomes when they are free to trade with individuals in other countries.
CSE 2.1 Competitive markets: Competition promotes the efficient use of resources and provides the incentive for innovative improvements.
(This reading and audio set is also featured in CSE 1.3.)
Just by following prices, individuals and businesses create more value for themselves and their communities & countries. Discover how “equating at the margin” is the economist's secret to making the most of limited resources while keeping rights to person and property intact. Across countries and time, markets work better than any central plan.
Markets and Marginalism
00:00 / 08:08
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