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Prebisch-Singer Hypothesis I A Level and IB Economics

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This is a short revision video looking at the PrebischSinger Hypothesis. The PrebischSinger Hypothesis (PSH) is more of an observation rather than a complex theory. It suggests that over the long run the price of primary goods such as coal, coffee cocoa declines in proportion to manufactured goods such as cars, washing machines and computers.

#aqaeconomics #ibeconomics #edexceleconomics

posted by jerslifefu