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The whole Modern Conventional Economics revolves around the MARKET FORCES or
MARKET MECHANISM, which at the elementary level is referred to as DEMAND and SUPPLY
or PRICE SYSTEM, or LAISSEZ FAIRE, and at the higher level, CAPITALISM or INVISIBLE HAND.
Beginning with its elementary level, one can hardly find a student of Economics who did not
find it difficult to understand the mechanics of Demand and Supply. This is also true, when it
comes to the higher level, where it also reflects the true nature of the Conventional
Economics, which also becomes very difficult, more especially when it comes to the
understanding of its real philosophy. |
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