13 FACTS ABOUT ECONOMICS

analizing market

Most poor people don't reside in underdeveloped nations.

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Switzerland and Singapore do not only rely on banking and tourism for their survival.

12

After South Koreans, the 'lazy' Greeks are the toughest workers in the wealthy world.

11

Finland, one of the most egalitarian nations in the world, has expanded more quickly than the US.

10

Germany and Belgium are more unequal than the US before taxes and welfare spending.

9

GERMANY AND BELGIUM ARE MORE UNEQUAL THAN THE US BEFORE TAXES AND WELFARE SPENDING. 

8

In the period of high regulation and high taxes, between the 1950s and the 1970s, when capitalism performed best.

7

Otto von Bismarck, an ardent conservative, established the first welfare state in history.

6

Free trade first spread mostly using unethical methods

5

Protectionism, not free trade, was established by the US and Britain.

4

Singapore's economy cannot be explained by a single economic theory.

3

The Nobel Prize for Economics is a fake award.

2

Political economy was the initial name for economics.

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