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A result of the principles of provide and demand don’t apply to merchandise that may at all times be in excessive demand attributable to their important nature. (As a viable alternative within the US. I disagree along with your assertion on inelastic industries as not all medical care is inelastic and provide can nonetheless enhance, driving down costs. Additionally though capitalism can drive down opponents, within the fashionable age that is a lot tougher with authorities interference, so with no authorities sturdy sufficient to stamp out resistance new industries will pop up. You may have a world the place the state owns (or is immediately linked to) alls.
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