[태그:] economic growth
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Freedom, Trust, Cost: Why Freedom is Key…
Read in Korean Market development is economic growth. So, what is necessary for markets to develop? While scholars explain this using various theories, the essentials for a market are fundamentally freedom and trust. Furthermore, markets develop as transaction costs decrease. Freedom There’s a…
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Demand: Townspeople who are both customers and teachers to one another.
Read in Korean Today, over 8 billion people inhabit the Earth. Such a large population living together is a relatively recent phenomenon. Around 1500, at the beginning of the Age of Exploration, the global population was only around 500 million. Following…