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If Smartwatches Are Considered Substitutes for Smartphones, Then the Decline

question 132

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If smartwatches are considered substitutes for smartphones, then the decline in the price of smartwatches would, all else equal,


Definitions:

Mayor

The elected head of a city, town, or other municipality, responsible for governing and managing municipal affairs and policies.

Henry George

A 19th-century American economist and writer known for his belief that individuals should own the value they produce but that land and natural resources should belong to all (the single tax theory).

Single Tax

Concept of taxing only landowners as a remedy for poverty, promulgated by HenryGeorge in Progress and Poverty (1879).

Inequality

The state of being unequal, especially in terms of rights, status, and opportunities among different groups of people in society.

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