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Specific Factors, Trapped

We’ve finished the International Economics class, but this article caught my eye, since it relates to the idea of specific factors:

Across the country, nearly empty toll roads are struggling to turn a profit. Other projects are surviving only with continued public financing, which has been cast into doubt by Europe’s sovereign debt crisis.

And by the way, “surviving only with continued public financing” means the returns to owners of this factor have fallen, so owners of other factors are being required to compensate them.

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