Y1 1) The Economic Problem (Scarcity & Choice)
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Y1 1) The Economic Problem (Scarcity & Choice)
Y1 1) The Economic Problem (Scarcity & Choice). Video covering what Economics is all about, The Basic Economic Problem and How to Allocate Scarce Resources with ...
765.9K viewsNov 16, 2017
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Coin clipping wasn't just an English problem; it was a rampant fraudulent practice across medieval Europe. The small amounts of precious metal shaved from coin edges accumulated, debasing the currency and causing severe economic instability. In England, the crisis reached a turning point when King Edward I initiated a severe crackdown between 1278-1279. He issued the 'Capitula de tonsura monete,' articles of inquest to systematically hunt down offenders. While driven by greed, the practice was a
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Coin clipping wasn't just an English problem; it was a rampant fraudulent practice across medieval Europe. The small amounts of precious metal shaved from coin edges accumulated, debasing the currency and causing severe economic instability. In England, the crisis reached a turning point when King Edward I initiated a severe crackdown between 1278-1279. He issued the 'Capitula de tonsura monete,' articles of inquest to systematically hunt down offenders. While driven by greed, the practice was a
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