Fallacy of composition (economics)/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the assumption that the behaviour of the economy as a whole is similar to the behaviour of one of its components - such as a household or a firm.) |
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Latest revision as of 16:58, 6 April 2009
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Fallacy of composition (economics) [r]: the assumption that the behaviour of the economy as a whole is similar to the behaviour of one of its components - such as a household or a firm.