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Economic theory has no need to refer to them in particular. The fact that there are trade barriers, privileges, cartels, government monopolies and labor unions is merely a datum of economic history. Economic studies of labor markets usually focus on factors affecting adjustments in supply and demand and look at wages as a principal mechanism for reconciling supply and demand. In academic markets, however, wages are typically inflexible and suppressed?they do not respond to change in supply and demand but are set instead by many organizational conditions and structural constraints, such as pressure to reduce budgets at public universities. Economic stagnation might also be caused by the astronomical debt loads that have become in vogue with governments around the globe. The graying of developed nations' populations will also contribute to the slower economic growth in the future.

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China, the enemy to some, is the dragon that slew U.S. China is a real giant when it comes to consumption of commodities. It consumes 34 per cent of the world's steel, 29 per cent of zinc, 28 per cent of aluminium and 25 per cent of copper. China also has moved beyond just making huge volumes of T-shirts and toys for affluent Western consumers. It now makes a huge range of industrial goods and transport gear, from industrial weaving machines to heavy-duty trucks.

China has been added to the list of countries with iTunes stores. I don't know if its fully functional or if it will work with the iPhone. China BIC is an online resource that brings together valuable information on the Chinese market, including government contacts, regulatory information, trade leads, market research, and financial information. It also contains links to the in-country staff members of the U.S. China surged an amazing 130% last year and 13% in the week ahead of the plunge, as millions of newbie day traders punched in buy orders on rumors about shares they'd never heard of. Stocks zoomed in other overseas markets for half a year; U.S.

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Free-market advocates, especially Austrian school followers, often dismiss this endogenous theory, and blame external influences, such as weather, commodity prices, technological developments, and government meddling on non-equilibrium prices. Free market economics is closely associated with laissez-faire economic philosophy, which advocates approximating this condition in the real world by mostly confining government intervention in economic matters to regulating against force and fraud among market participants. Hence, with government force limited to a defensive role, government itself does not initiate force in the marketplace beyond levying taxes in order to fund the maintenance of the free marketplace.