Buy custom Anne Robert Jacques Turgot and His Relevance to the French Revolution
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History
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Number of pages / Number of words: |
8 / 2038 |
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It can be assumed that the buyer will purchase from the seller who will give him the lowest price for the most suitable product. Furthermore, sellers will naturally sell their best merchandise at the highest competitive price. Conversely, Turgot says that when governmental restrictions are present, consumers are compelled to buy inferior goods at higher prices...
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Furthermore, sellers will naturally sell their best merchandise at the highest competitive price. Conversely, Turgot says that when governmental restrictions are present, consumers are compelled to buy inferior goods at higher prices. Only by free exchange can sellers be assured the profit needed to match production while at the same time providing the consumer with the best goods at the lowest prices...
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General points of the essay
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