This market’s equilibrium point is reached at the intersection between... - Deepstash

This market’s equilibrium point is reached at the intersection between the two forces. People set prices themselves, and due to competition, they will lower as much as they need to, or grow accordingly.

This theory also states that societies will grow at their own pace. And that they develop in time due to these natural laws of economics. He also popularized the Law of Population. The law states that people will have children at different times. But mostly only during good economic conditions.

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tomjoad

Introverted Extravert

The Worldly Philosophers - Book Review (Economics)

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