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Broken window fallacy parable amid risk misinformed decision

The broken window fallacy parable amid risk misinformed decision is the belief that destruction is good for the economy. Frederic Bastiat, a French economist, introduced the concept in 1850. It illustrates why destruction and related recovery expenditures are not beneficial to society. The broken window fallacy parable amid risk misinformed decision The aim of the broken window fallacy parable is to discuss hidden, or ignored effects of opportunity costs and unintended consequences on economic activities. The opportunity cost is the loss of…

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