Prebisch-Singer Hypothesis I A Level and IB Economics

Описание к видео Prebisch-Singer Hypothesis I A Level and IB Economics

This is a short revision video looking at the Prebisch-Singer Hypothesis. The Prebisch-Singer 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

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