Artificial scarcity of product created by seller to increase the prices in the market is called as
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Hoarding in economics refers to maintaining unaccounted stocks of many commodities to safeguard oneself from rise in general price level i.e. inflation or to reap the benefits of future rise in prices.
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Hoarding in economics refers to maintaining unaccounted stocks of many commodities to safeguard oneself from rise in general price level i.e. inflation or to reap the benefits of future rise in prices.
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