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Explain Why There May Be a Bi-Causal (Causation in Both

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Essay

Explain why there may be a bi-causal (causation in both directions) relationship between democracy and wealth.


Definitions:

True Values

The actual, undistorted measures or worth of an item, free from biases or errors.

Oral Auction

A live auction where bids are made through spoken communication amongst bidders.

English Auction

A type of auction where the price ascends with each subsequent bid and the highest bidder wins.

Increasing Bids

The action of progressively raising the price offer in an auction or competitive bidding situation.

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