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Grade 12
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Foundation for Economic Education
Why Government Groceries Don't Work #economics
Grocery stores operate on razor-thin profit margins, usually between 1% and 2%. In this video, Andrew Heaton explains why state-owned grocery stores struggle to actually lower prices and what happened when the Soviet Union tried to manage food distribution. Is there a better way to handle rising food costs? #economics #groceryshopping #prices # ...
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