Why government activity is a drag on the national economy

Guyana and the Wider World

By   |  0 Comments  |  Features, Sunday | Sunday, March 13, 2011 

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Introduction

In last week’s column I discussed two concepts which readers should find useful as we proceed to evaluate the impact of government activity on the economy of Guyana. These concepts are economic efficiency and market failure, as economists strictly define them.

One approach I can take towards appraising …..

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