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Malthus was an early economist who thought increasing population is ultimately creating food problem in capitalism. He argues while population, whenever possibly tends to increase
Malthus was an early economist who thought increasing population is ultimately creating food problem in capitalism. He argues while population, whenever possibly tends to increase fast, creating a drastic increase in demand for food, technological improvements will be creating moderate increase in supply, making food prices increase drastically.
Can you please show the prediction of Malthus on a graph, the increase in demand and supply predicted by him, as well as the drastic increase in equilibrium price in a visible way.
Thank you so much!
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