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Economics L. Robbins (Demerits-2)

In this article we will discuss Economics L. Robbins (Demerits-2).

Another argument for not agreeing with Robbins is the existence of several public services (like defence, law and justice, etc.) which cannot be provided by the market. It is not possible to sell them and recover production costs. Only the authorities can provide them by incurring expenditure out of their budgetary resources.

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