China’s economy faces a property crisis and low consumer confidence, but recent stimulus measures offer hope. Focusing on technology and domestic consumption is key to stable growth.
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Australia had recently introduced caps on the number of international students to address the overwhelming influex of immigrants. This however has profound impacts on the local economy.
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This article delves into the behavioural economics driving the success of the blind box economy, with a focus on how uncertainty influences consumer behaviour. It examines the role of psychological biases, such as prospect theory and the endowment effect, in spurring spending on such products.
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