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Models Of Economics

Models Of Economics

Submitted by • June 17, 2013

The Chicago school of thought emerged during the 1920s and 1930s. The main doctrine of Chicago school of thought is that free markets best allocate resources in an economy. This economic model advocates that there should be minimal government intervention in an economy. Fredrick E. Clements, Ernest Burgess are one of the individuals behind the Chicago school thought. Chicago school thought is an economic model that has been applied in countries such as America.

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Voted by dorren

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