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Eco 360 Week Two Chapter Summary

ECO 360 Week Two Chapter Summary

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Title: ECO 360 Week Two Chapter Summary

Essay Details:

Subject: Business

Author: Bryan S

Date: April 11, 2016

Level: University

Grade: A

Length: 4 / 971

Essay text:

Monopolies of Land and Land Speculation creates artificial scarcity of land which results in skyrocketing land values and are the last values to come down during depression. It makes it difficult for labor and small capitalist to go into productive and profitable activities. All over monopolies such as franchises, rights and other exclusive privileges have the same effect. It creates higher values which people must all pay without getting more wealth in return. The business cycle is the periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables (Author Unknown, 2008)...

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