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Economics is the study of allocating scarce resources to satisfy unlimited wants. It deals with managing limited resources and decision making. A transport strike impacts commuters, who must find alternatives to travel, and increases congestion. It also lowers business turnover. Urbanization occurs as cities provide access to larger labor markets and inputs, improving productivity and variety. It has driven economic growth but also creates inequality and unemployment. A higher minimum wage aims to reduce in
- Author
- Gabbie Chloe
- Language
- EN