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In this section we focus on some aspects of the factor market for labour resources.
Market failure happens when the price mechanism fails to allocate scarce resources efficiently or when the operation of market forces lead to a net social welfare loss.
Market supply is the total amount of an item producers are willing and able to sell at different prices, over a given period of time e.g.
Economic inequality is the difference in how assets, wealth, or income are distributed among individuals and/or populations.
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A London School of Economics alumni, he has over two decades' experience in equity research and investment, and has spent much ...